Fhlmc Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Fhlmc? On this page you'll find 369 study documents about Fhlmc.
All 369 results
Sort by
-
CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 2023
- Exam (elaborations) • 22 pages • 2023
-
Available in package deal
-
- $15.39
- 2x sold
- + learn more
Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. 
 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. 
 
Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - correct answer Covers more than one piece of property. 
 
Wraparound Mortgage - c...
-
SOMB II Practice Test | questions and answers with complete solution
- Exam (elaborations) • 4 pages • 2023 Popular
-
- $9.99
- 1x sold
- + learn more
SOMB II Practice Test | questions and answers with complete solution 
 
When refinances as a percentage of total originations rise, does profitability at large banks tend to rise or to fall? - Fall 
What are the top three Mortgage lender's main sources of income? - - Fees negotiated at origination 
- Gain on sale 
- Interest Income 
Interest income earned at the note rate from the date a loan closes until it is sold belongs to? - The lender 
Which type of loan sale generates the most revenue ...
-
GOLD COAST FINAL EXAM STUDY SET for 4/11 [100% Correct]
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
-
- $9.99
- 1x sold
- + learn more
GOLD COAST FINAL EXAM STUDY SET 
for 4/11 [100% Correct] 
1 acre is how many square feet? *Ans* 43,560 
A broker is entitled to compensation if they... *Ans* bring a buyer who brings an offer the 
seller was looking for 
A buyer drops off an escrow check on Monday. To avoid any trouble with FREC, the broker 
must deposit the check by close of business on which day? *Ans* Thursday 
A spouse who is left out of a will can claim? *Ans* Elective share 30% 
Abstract Continuation *Ans* history of ti...
-
Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2023
-
Available in package deal
-
- $9.49
- 1x sold
- + learn more
Xinnix Ground School Mortgage Final Exam Questions and Answers 100% Pass On an FHA loan the upfront MIP should be included when calculating cash-to-close. False 
The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) False 
A 3-Year ARM adjusts every 3 years True 
A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender specs. False 
A HELOC loan has an interest only payment ...
-
Xinnix Final Exam Questions With Answers
- Exam (elaborations) • 17 pages • 2024
-
- $11.19
- + learn more
Xinnix Final Exam Questions With Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $...
Fear of missing out? Then don’t!
-
Xinnix Quiz Questions with 100% Correct Answers
- Exam (elaborations) • 26 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
Xinnix Quiz Questions with 100% Correct Answers 
Ginnie Mae was wholly created to purchase government mortgages on the secondary 
market - Answer- false 
which of the following was not a reason The Federal Housing Administration (FHA) was 
created - Answer- to simplify mortgage forms 
match in order of creation - Answer- 1st-FNMA 
2nd-GNMA 
3rd-FHLMC 
match the following - Answer- FNMA-fannie mae 
FHLMC-Freddie Mac 
what allowed more conventional mortgages to be originated in the early 1970s wit...
-
Prepxl Practice Test 8 Questions and Answers 2024 Correctly done
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
ACME Home Loans is a private lender with a strict policy of limiting originations to conventional qualified 
mortgages with minimum loan amounts of $300,000. To ensure compliance with this policy, loan 
originators are instructed to refuse to accept applications from consumers who want loan amounts of 
less than $300,000, or who have debt-to-income ratios of 44% or more. This policy is: 
- Not a violation of any federal fair lending law 
- Potentially unlawful under the disparate impact theory 
...
-
Xinnix Final Exam Questions With Answers
- Exam (elaborations) • 17 pages • 2024
-
- $11.19
- + learn more
Xinnix Final Exam Questions With Answers 
A veteran has the ability to transfer a portion of their entitlement to another veteran. 
False 
 
 
1. Gross rent may be considered effective income when an applicant is planning to rent their current residence after closing on the purchase of their new home. 
False 
 
 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
 
Debt: $700 car payment, $375 student loan ($2,250 balance), $...
-
Xinnix Quiz Questions with 100% Correct Answers
- Exam (elaborations) • 26 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
Xinnix Quiz Questions with 100% Correct Answers 
Ginnie Mae was wholly created to purchase government mortgages on the secondary 
market - Answer- false 
which of the following was not a reason The Federal Housing Administration (FHA) was 
created - Answer- to simplify mortgage forms 
match in order of creation - Answer- 1st-FNMA 
2nd-GNMA 
3rd-FHLMC 
match the following - Answer- FNMA-fannie mae 
FHLMC-Freddie Mac 
what allowed more conventional mortgages to be originated in the early 1970s wit...
-
Xinnix SOAR Final Questions With Verified Answers Graded A+
- Exam (elaborations) • 48 pages • 2024
-
- $11.19
- + learn more
Xinnix SOAR Final Questions With Verified Answers Graded A+ 
FNMA and FHLMC are what type of loan? 
conforming 
 
 
the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies 
true 
 
 
conventional loans are not insured by the federal government 
true 
 
 
Agency loans include FHA and VA loans 
true 
 
 
the proceeds of a loan for cash out refinance may be used by the borrower to insure a new pool 
t...
-
Xinnix SOAR Final Questions With Verified Answers Graded A+
- Exam (elaborations) • 48 pages • 2024
-
- $14.59
- + learn more
Xinnix SOAR Final Questions With Verified Answers Graded A+ 
FNMA and FHLMC are what type of loan? 
conforming 
 
 
the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies 
true 
 
 
conventional loans are not insured by the federal government 
true 
 
 
Agency loans include FHA and VA loans 
true 
 
 
the proceeds of a loan for cash out refinance may be used by the borrower to insure a new pool 
t...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia