Hud exam financial - Study guides, Class notes & Summaries

HUD Certification Exam with complete solution 2023Deed Restrictions Legally enforceable terms that govern the use of real estate Redlining The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental...

HUD Certification Exam Questions and Answers Already Passed Deed Restrictions Legally enforceable terms that govern the use of real estate Redlining The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piec...

HUD Exam - Financial Management Exam (LATEST UPDATES) with Rationales.

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct HUD Exam - Avoiding Foreclosure Questions and Answers 100% Correct 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. - ANS...

HUD Housing Counseling Exam Questions and Answers 100% Pass Civil Rights Act of 1866 - Correct Answer ️️ -Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - Correct Answer ️️ -banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 - Correct Answer ️️ -added gender (sex) to the protected classes Fair Housing Amendments ...

HECM Test Exam Questions And Revised Correct Answers 2024 A borrower got her HECM loan many years ago when the lending limit for her county was $600,000. Her home is appraised for $800,000. What is the most her repayment of the loan could be? A. $600,000 B. $800,000 C. 75% of appraised value D. Net proceeds from selling the home - ANSWERS D A borrower has a $200,000 home value. What is the likely upfront cost added to the loan balance at closing? (Revisit. Where is the formula?) A...

HUD Certification Exam 2024 Questions and Answers (Graded A) HUD Certification Exam 2024 Questions and Answers (Graded A) HUD Certification Exam 2024 Questions and Answers (Graded A) Deed Restrictions - ANSWER-Legally enforceable terms that govern the use of real estate Redlining - ANSWER-The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial ...

HUD Exam - Financial Management Questions and Answers 100% Pass All of the following would help a counselor develop a realistic household budget, except: A. Payment information for a paid-off car B. Amount spent on groceries C. Rent payment information D. Monthly cable bill - Correct Answer ️️ -Answer: A Since the car is paid off, the expense does not need to be included in the new budget. All of the following are reasons why it is important for a client to track income and expense...

HUD Housing Counseling Exam Questions with complete solution 2023/2024Civil Rights Act of 1866 - correct answer Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - correct answer banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 - correct answer added gender (sex) to the protected classes Fair Housing Amendments Act ...