Subprime loan - Study guides, Class notes & Summaries

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

REE3043 REVIEW TEST QUESTIONS WITH ALL CORRECT SOLUTIONS Two important advantages of automated underwriting are that it is __________ and it enables lenders to more safely make ________ loans. - Answer-Two important advantages of automated underwriting are that it is faster and it enables lenders to more safely make affordable housing loans. What two contracts are always involved in a mortgage loan? - Answer-A borrower always conveys a mortgage and a note to the lender in the mortgage loan. ...

According to the Truth-in-Lending Act, a variation up to what amount is permitted for the annual percentage rate in a regular fixed-rate mortgage transaction as quoted in the Loan Estimate? 1% .5% .125% .25% - Answer-.125% The term "subordination" refers to: The process of releasing a lien The process of recording a lien The process of one lienholder accepting inferior lien priority in favor of another The process of researching a lien - Answer-The process of one lienholder accepting...

Recourses of foreclosure - borrower can come back through - equity of redemption -statutory The possibility that the actual outcome will vary from what was expected when the asset was purchased. - Risk fixed amount of money paid or received at the end of every period - Ordinary annuity future cash inflow or outflow occurring only once - lump sum payment What are the four time Value of money operations - Compounding Operations 1. Future value of a lump sum 2. Future value of an annuity ...

Real Estate 87 Economics Final Exam 2023/2024 Questions and Answers Latest A+ Grade. Real Estate 87 Economics Question 1 . Compared to a 30-year loan, a 15-year loan usually has: B. a lower interest rate and a larger monthly payment Question 2 What federal law requires lenders to disclose information that would help detect instances of redlining? C. Home Mortgage Disclosure Act Question 3 Which of these types of income is least likely to be counted as part of a loan applicant...

The real estate brokerage and sales profession remained entirely unregulated throughout the 1900s. a. True b. False <~~> a. False 1.2 The event that led to the regulation of the appraisal profession was the: a. Great Depression b. Savings and Loan Crisis c. Wall Street and Subprime Loan Crisis d. Watergate <~~> b. Savings and Loan Crisis 1.3 What entity was referenced in FIRREA as a recognized source for appraisal standards and appraiser qualifications? 1 | P a g e |...

Real Estate 87 Economics Final Exam 2023/2024 Questions and Answers Latest A+ Grade. Real Estate 87 Economics Question 1 . Compared to a 30-year loan, a 15-year loan usually has: B. a lower interest rate and a larger monthly payment Question 2 What federal law requires lenders to disclose information that would help detect instances of redlining? C. Home Mortgage Disclosure Act Question 3 Which of these types of income is least likely to be counted as part of a loan applicant...

Implicit Bias III Chamberlain college school of Nursing Questions with complete solution 2024 Implicit Bias III What is an example of Racial Preference? - correct answer Consumer choices in neighborhoods and housing. (e.g. white flight to white avoidance) What is an example of Racial Transaction? - correct answer Discrimination in Housing Practices: rental, sale, assessment, and lending. What are Racialized Rates of Foreclosure? - correct answer 1. Lender's Targeted communities...

Implicit Bias IIIWhat is an example of Racial Preference? - correct answer Consumer choices in neighborhoods and housing. (e.g. white flight to white avoidance) What is an example of Racial Transaction? - correct answer Discrimination in Housing Practices: rental, sale, assessment, and lending. What are Racialized Rates of Foreclosure? - correct answer 1. Lender's Targeted communities of color with subprime loans. 2. Lack of loan information or understanding for consumers in many of thes...

What is the Great Recession? correct answers greatest economical crash since great depression() from housing market banks collapsed, auto industry bankrupt, stock market lost 33.8 percent of value, unemployment around 10%, 2.6 mill lost jobs, 4 mill homes foreclosed, 49 mill people food insecure, what are some factors that caused the Great Recession? correct answers financial crash in 2008, elite deviance, people assumed housing prices always go up What is a flipper? correct answers ...