Champions School of Real Estate Finance EXAM
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Terms in this set (73)
Seller's market When supply is low and demand is high
Buyer's market When supply is high and demand is low
The process of creating a Origination
new mortgage loan
, The detailed process of Underwriting
evaluating a borrower's
loan application to
determine the risk
involved for the lender
When there is an excess of Monetary inflation
money supply in the
market
Which agency insures Federal Deposit Insurance Corporation
deposits in bank and thrift
institution for up to
$250,000?
prohibit housing Federal Fair Housing
discrimination based on
sex, race, color, religion,
national origin, disabilities,
or familial status
All residential mortgage Nationwide Mortgage Licensing System and Registry
loan originators must now (NMLSR)
be registered with...
The practice of refusing to Redlining
provide financing in a
particular area because of
the location
What was the Community Law against bank to ensure that banks would serve
Reinvestment Act (CRA)? the needs of the community
The Texas Veteran's Loan Buyes loans from lender
Program
To participate in the Texas Veteran's Loan Program
program, the Veteran
obtains a FHA, VA, or
conventional loan from
participating lenders
fully solved & updated (latest version verified for
accuracy) (Questions + Answers) Solved 100%
Correct!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (73)
Seller's market When supply is low and demand is high
Buyer's market When supply is high and demand is low
The process of creating a Origination
new mortgage loan
, The detailed process of Underwriting
evaluating a borrower's
loan application to
determine the risk
involved for the lender
When there is an excess of Monetary inflation
money supply in the
market
Which agency insures Federal Deposit Insurance Corporation
deposits in bank and thrift
institution for up to
$250,000?
prohibit housing Federal Fair Housing
discrimination based on
sex, race, color, religion,
national origin, disabilities,
or familial status
All residential mortgage Nationwide Mortgage Licensing System and Registry
loan originators must now (NMLSR)
be registered with...
The practice of refusing to Redlining
provide financing in a
particular area because of
the location
What was the Community Law against bank to ensure that banks would serve
Reinvestment Act (CRA)? the needs of the community
The Texas Veteran's Loan Buyes loans from lender
Program
To participate in the Texas Veteran's Loan Program
program, the Veteran
obtains a FHA, VA, or
conventional loan from
participating lenders
