Hud exam prep Study guides, Class notes & Summaries

Types of Credit Used Correct Answer: Student loan or credit cards only FAKO scores Correct Answer: purchase score which are educational score Fair Credit Reporting Act FCRA Correct Answer: what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA Correct Answer: free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA) Correct Answer: dispute bill error/mail 60 da...

HUD EXAM PREP WITH COMPLETE SOLUTIONS HUD EXAM PREP WITH COMPLETE SOLUTIONS HUD EXAM PREP WITH COMPLETE SOLUTIONS Types of Credit Used - ANSWER-Student loan or credit cards only FAKO scores - ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights

HUD Exam Prep Questions and Answers 100% Pass % Impact of Account Payment History on Credit Score - Correct Answer ️️ -35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - Correct Answer ️️ -30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - Correct Answe...

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HUD Exam Prep Question and answers rated A+ 2024 % Impact of Account Payment History on Credit Score - correct answer 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - correct answer 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - correct answer ...

HUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% CorrectHUD Exam Prep 2024 Questions and Answers 100% Correct Conventional Loan - ANSWER-Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA - ANSWER-Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, ...

HUD Exam Prep Questions and Answers 100% Pass Conventional Loan - Correct Answer ️️ -Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA - Correct Answer ️️ -Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - Correct Answer ️️ -Front end 33% Back end 45% VA - Correct Answer ️️ -41% USDA -...

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