Avoi - Study guides, Class notes & Summaries

HUD Exam - Avoiding Foreclosure 1The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - ANSWER D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeowne...

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortgages, and t...

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - Answer- D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortga...

HUD Housing Counselor Module- Avoiding Foreclosure Verified Answers Which of the following did NOT contribute to the increase in foreclosure rates during the mortgage crisis? - Risky loan products with features like negative amortization - Homeowners paying off mortgages early - Aggressive marketing of Home Equity Line of Credits (HELOC) - Using teaser rates to qualify more borrowers Homeowners paying off mortgages early This program made it easier for borrowers to understand loan terms, ...

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HUD Exam - Avoiding Foreclosure Questions and Answers (2023/2024) (Verified Answers)

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Avoiding Electrocution Hazards PASSED Exam Questions and CORRECT Answers What does a conductor allow to move through it easily? - Ans Electrical current What are some examples of conductors? - Ans Metal, wet skin, and water with small amounts of salt or other minerals are all examples of conductors. Electrical current can easily move through these materials. This means that anyone working with electricity in a damp or wet environment needs to exercise extra caution to prevent electrocu...

Avoiding Electrocution Hazards UPDATED Exam Questions and CORRECT Answers True or false: in order to keep yourself and your co-workers safe, you must be able to recognize electrical hazards. - Ans true Amperage - Ans referred to as amps or milliamps, indicates the strength of an electrical current. Amperage is measured in units of Amperes, often called Amps or milliamps. (One amp is equal to 1,000 milliamps).

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...