Who does the cfpb protect Study guides, Class notes & Summaries

What does UST stand for? - Uniform State Test Who does the CFPB protect? - The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for, securing, and paying off mortgages. What is the purpose of RESPA? (3 things) - a.Protect consumers from excessive settlement costs and unea...

You need to know who might protect you if you get ripped off. Who regulates and watches all this checking account and financial transaction stuff? - The Federal Reserve Bank (aka "The Fed") You probably won't ever deal with the Federal Reserve directly. - The Fed isn't actually a bank you can walk into and deposit your paycheck. It is the central bank of the United States, created and overseen by Congress. It provides our country with a safer, more flexible and more stable monetary and...

what is a servicer? - ANSWER a company that handles all the administrative aspects of a loan from the closing to mortgage payoff, including handling all payments, escrow, and all documentation for records when was the most recent foreclosure crisis? - ANSWER 2007 what caused the most recent foreclosure process? - ANSWER 1. negative amortization 2. aggressive marketing of HELOC loans 3. subprime lending 4. qualifying borrowers based on teaser rates 5. qualifying borrowers based on introdu...

SAFE Mortgage Loan Originator Test - National Component With Uniform State Content Latest Updates

AYPO Real Estate Principles of Real Estate I Exam Study Guide Already Passed TREC has the authority under TRELA to suspend or even revoke a broker's license if: They conduct the unlawful practice of law ESAC stands for: Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? 5th Amendment. The CFPB is the: Consumer Finan...

SAFE Exam Study Guide (Vocab) With 100% Complete Solution Traditional Mortgage - Correct Answer-30 year fixed rate (mortgage) Balloon Payment - Correct Answer-A final payment of a mortgage loan that is considerably larger than the required periodic payments because the loan amount was not fully amortized. Federal Deposit Insurance Corporation - Correct Answer-Created to protect borrowers deposits Federal Housing Administration - Correct Answer-Created to reassure lenders in cases of ...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers What does UST stand for? - answerUniform State Test Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for,...

Real Estate Law SAE Questions and Answers 100% Accurate A What is the Definition of a trade fixture? A. personal property attached to real property that is owned by and needed for a tenant's business B. a personal item that is not attached permanently to a home C. a personal item attached by a tenant for temporary use D. permanently attached personal items that need repair C Which of the following is NOT an ownership right? A. Water Rights B. Subsurface Rights C. Easements D. ...

AYPO Real Estate Principles of Real Estate I Exam 2024 Study Guide with Correct Answers. TREC has the authority under TRELA to suspend or even revoke a broker's license if: -Answer- They conduct the unlawful practice of law ESAC stands for: -Answer-Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? -Answer-Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? -Answe...

Foolproof Module 5 notes Questions and Answers 100- Correct You need to know who might protect you if you get ripped off. Who regulates and watches all this checking account and financial transaction stuff? The Federal Reserve Bank (aka "The Fed") You probably won't ever deal with the Federal Reserve directly. - The Fed isn't actually a bank you can walk into and deposit your paycheck. It is the central bank of the United States, created and overseen by Congress. It provides our count...