Hmda is - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Hmda is? On this page you'll find 337 study documents about Hmda is.
Page 4 out of 337 results
Sort by
-
HMDA Test | Questions with 100% Correct Answers (A Rated)
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
. Which type of loan transaction is NOT covered under the HMDA reporting 
requirements? 
A. A loan secured by a multifamily dwelling 
B. An unsecured home improvement loan 
C. A loan to purchase a residential lot 
D. Both b and c - ANSWER D. Both b and c 
Neither unsecured home improvement loans nor loans on unimproved land are 
covered transactions. As of January 1, 2018, HMDA coverage requires a lien on a 
dwelling.
-
MLO Practice Test | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 26 Pages
- Exam (elaborations) • 26 pages • 2023
-
- $17.49
- + learn more
An Approve/Eligible determination: 
1. Is an indication that a property appraised for its sales price 
2. Authorization to release funds in a refinance transaction 
3. An automated loan approval from the Fannie Mae Du system 
4. A recommendation that is received by the Freddie Mac loan prospector automated underwriting 
system. - 3. An automated loan approval from the Fannie Mae Du system.. this means that the 
borrower meets the credit requirements and all other loan factors are acceptable. The...
-
tx Question and answers correctly solved
- Exam (elaborations) • 132 pages • 2024
- Available in package deal
-
- $13.99
- + learn more
tx Question and answers correctly solved Laissez-faire - correct answer A policy or attitude of letting things take their own course, without interfering. 
 
4 key communication skills: 
Maintain or enhance customer - correct answer Self esteem 
 
 - correct answer 
 
Equal Credit Opportunity Act (ECOA) - correct answer Designed to make credit available to every financially qualified applicant 
 
Home Mortgage Disclosure Act (HMDA) - correct answer Requires lenders to report income a...
-
HMDA Certification Exam Questions and CORRECT Answers
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
What does HMDA stand for? - Home Mortgage Disclosure Act 
The Home Mortgage Disclosure Act is regulation ____ - C 
HDMA requires certain lenders to report data regarding its - home purchase and home 
improvement loan orginated 
For HMDA purposes, home purchase loans include the ____ of a loan used for home 
purchase - refinancing 
The following information must be reported: - -loan number 
-date of application 
-type and purpose of loan 
-owner-occupancy status 
-loan amount 
-type of action t...
-
HMDA UPDATED Exam Questions and CORRECT Answers
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
-
- $8.99
- + learn more
Loan Application Register - Document used to report home mortgage loans by financial 
institutions subject to HMDA reporting 
Depository Institution - Bank, savings association, or credit union with assests OVER 
44 million as of 12/31 of the preceding year, had 1 office in an MSA, orginated at least 1 
home mortgage loan (1-4 family), and is federally insured or regulated, loan is federally 
guaranteed, or loan is to be sold to Fannie Mae/Freddie Mac. 
Non-Depository Institution - Mortgage ...
As you read this, a fellow student has made another $4.70
-
NMLS Practice Exam #4| 125 Questions| Correct Answers| Verified
- Exam (elaborations) • 25 pages • 2023
-
Available in package deal
-
- $12.99
- + learn more
The administrative authority of the Commissioner includes all but which of the following? 
 
- Promulgate rules or regulations implementing the S.A.F.E. Act 
- Administer, interpret, and enforce the S.A.F.E. Act 
- Carry out the intentions of the Legislature 
- Sentencing violators of the S.A.F.E. Act to appropriate prison terms - ANSWER Sentencing violators of the S.A.F.E. Act to appropriate prison terms 
 
Which of the following forms of compensation is a violation of RESPA? 
 
- A fee paid by...
-
Prepxl Practice Test 3: Exam Review Questions and answers/| LATEST UPDATE | EXAM PREDICTION QUESTIONS |
- Exam (elaborations) • 24 pages • 2024
-
Available in package deal
-
- $11.49
- + learn more
Prepxl Practice Test 3: Exam Review 
Questions and answers/ 
In January of 2020, Wella and Kip agreed to purchase a home at a purchase price of $546,300. They 
would like to hold onto as much of their savings as they can, but they have chosen to make a down 
payment sufficient enough to qualify for a conforming loan. What is the minimum down payment they 
can make to reach the conforming loan limit but still retain savings? 
- $47,900 
- $35,900 
- $95,800 
- $54,900 - -$35,900. 
The down p...
-
NMLS PRACTICE QUESTIONS with correct answers
- Exam (elaborations) • 32 pages • 2023
- Available in package deal
-
- $13.99
- + learn more
which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? Answer FEDERAL RESERVE SYSTEM 
 
the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the Answer Acceleration Clause 
 
at closing a borrower may deposit funds to establish reserves for which of the following? Answer TAXES AND INSURANCE 
 
in a qualification of an applicant who receives child support and alimony Answer CHILD SUPPORT...
-
NMLS VERIFIED COMPLETE PRACTICE QUESTIONS 2024.
- Exam (elaborations) • 25 pages • 2024
-
Available in package deal
-
- $12.49
- + learn more
NMLS VERIFIED COMPLETE PRACTICE QUESTIONS 2024. 
which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - correct answer FEDERAL RESERVE SYSTEM 
 
the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - correct answer Acceleration Clause 
 
at closing a borrower may deposit funds to establish reserves for which of the following? - correct answer TAXES AND INSURANCE 
 
in a qualifi...
-
NMLS PRACTICE QUESTIONS AND ANSWERS
- Exam (elaborations) • 19 pages • 2023
-
- $12.49
- + learn more
which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Answer- FEDERAL RESERVE SYSTEM 
 
the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Answer- Acceleration Clause 
 
at closing a borrower may deposit funds to establish reserves for which of the following? - Answer- TAXES AND INSURANCE 
 
in a qualification of an applicant who receives child support and alimony - Answer- C...
How did he do that? By selling his study resources on Stuvia. Try it yourself! Discover all about earning on Stuvia