Real Estate Finance Practice exam Questions And Answers Verified 100% Correct

Real Estate Finance Practice exam Questions And Answers Verified 100% Correct The evidence of indebtedness. Credit instrument Lien Debt Promise Credit instrument All of the following are functions of the department of Treasury EXCEPT: Managing Federal finances Currency and coinage Determining national debt Enforcing Federal finance and tax laws Determining national debt Major responsibilities of the Mint include all of the following EXCEPT: Manufacturing and selling platinum, gold and silver bullion coins Distributing U.S. coins to the Federal Reserve banks and branches Receiving, redeeming and processing mutilated coins Education for collectors on rare coins Education for collectors on rare coins Federal Home Loan Banks are cooperatives. True False True Insurance is $2800/year. Sales price $437,500. LTV is 95%. Insurance start date is December 5th. Close date is August 13th. Using a banker's year, calculate the monthly insurance payment. Assume no leap year. $7.78 $233.33 $255.00 $1983.90 $233.33 The science that describes the management, creation and study of money, banking, credit, investments assets and liabilities. Economics Finance Credit Banking Finance Most real estate cycles in Texas are determined by: Politics and demand Economics and politics Economics and supply Supply and demand - Correct answer ______________ measures the wealth and resources of a particular area or region as well as production and consumption. Supply and demand Interest rates Economy Finance Economy Loan amount is $765,000. Down Payment is $85,000. LTV is 90%. Interest rate is 4.5%. Using an actual year, calculate the dollar amount of 2.5 points. $1912.50 $2125.00 $19125.00 $21250.00 $19125.00 The U.S. Mint is a part of the: Department of Treasury Federal Reserve A stand-alone agency FNMA Department of Treasury The ____________ was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices. FDIC Federal Reserve Department of Treasury U.S. Mint FDIC The ______________ fulfills its role in housing finance by providing members with access to reliable, economical funding and technical assistance, and special affordable housing programs. FHA Federal Home Loan Bank System Secondary market Primary market Federal Home Loan Bank System The NATIONAL HOUSING ACT of 1934 created what entity to relieve unemployment and stimulate the release of private credit? VA USDA FNMA FHA FHA RESPA is a ___________ consumer protection statute. TILA HUD FNMA Federal Reserve HUD Which act is designed to enhance consumer protection by requiring the FDIC, National Credit Union Administration, Board of Governors of the Federal Reserve System and others to jointly develop and maintain a Federal registration system for individual employees of Agency regulated institutions who engage in the business of residential mortgage loan origination? Dodd-Frank CRA Safe APA Safe Which law requires federal agencies who make rule to have a 30 day delayed effective date? Dodd Frank Safe Administration Procedures Act