Champions School Of Real Estate Finance 2024 Tested And Verified

Champions School Of Real Estate Finance 2024 Tested And Verified Seller's market - CORRECT ANSWER-When supply is low and demand is high Buyer's market - CORRECT ANSWER-When supply is high and demand is low The process of creating a new mortgage loan - CORRECT ANSWER-Origination The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - CORRECT ANSWER-Underwriting When there is an excess of money supply in the market - CORRECT ANSWERMonetary inflation Which agency insures deposits in bank and thrift institution for up to $250,000? - CORRECT ANSWER-Federal Deposit Insurance Corporation prohibit housing discrimination based on sex, race, color, religion, national origin, disabilities, or familial status - CORRECT ANSWER-Federal Fair Housing All residential mortgage loan originators must now be registered with... - CORRECT ANSWER-Nationwide Mortgage Licensing System and Registry (NMLSR) The practice of refusing to provide financing in a particular area because of the location - CORRECT ANSWER-Redlining What was the Community Reinvestment Act (CRA)? - CORRECT ANSWER-Law against bank to ensure that banks would serve the needs of the community The Texas Veteran's Loan Program - CORRECT ANSWER-Buyes loans from lender To participate in the program, the Veteran obtains a FHA, VA, or conventional loan from participating lenders - CORRECT ANSWER-Texas Veteran's Loan Program Texas Veterans Land Loan - CORRECT ANSWER-Charges less in fees What is TDHCA? - CORRECT ANSWER-(Texas Department of Housing and Community Affairs) Responsible for affordable housing. The Housing Assistance Program... - CORRECT ANSWER-Is a loan that is eligible for Veterans, military member and their spouses