Champions School of Real Estate Finance
1. The process of creating a new mortgage loan Origination
2. The detailed process of evaluating a borrower's loan Underwriting
application to determine the risk involved for the
lender
3. When there is an excess of money supply in the market Monetary inflation
4. Which agency insures deposits in bank and thrift insti- Federal Deposit Insurance
tution for up to $250,000? Corporation
5. prohibit housing discrimination based on sex, race, Federal Fair Housing
color, religion, national origin, disabilities, or familial
status
6. Federal Fair Housing falls under the _____ program HUD
7. Assists low income households w/ rental subsidies in Office of Public and Indian
the private sector, primarily through Section 8, and Housing (PIH)
administers HUD's public housing programs
8. Aid states and communities, combining variety of old, Community Development
narrow, categorical programs; one of the oldest of fed- Block Grant (CDBG)
eral block grant program
9. Develop and operate housing for low-income families Public Housing Agency
(PHA) and Indian Housing
Authorities (IHA)
10. Administer programs to prevent housing discrimina- Assistant Secretary for Fair
tion through public education and enforcement and Housing and Equal Op-
ensures equal opportunity amongst programs, em- portunity (FHEO)
ployment, and fund recipients.
1/9
, Champions School of Real Estate Finance
11. Assists state and local gov't in becoming certified Fair Housing Assistance
(equivalent fair housing laws) and processing com- Program (FHAP)
plaints w/ technical assistance and training agents.
12. Funds public agencies w/ substantially equivalent fair Fair Housing initiative Pro-
housing laws and private nonprofit organizations -- gram (FHIP)
assist HUD in enforcement activities
13. All residential mortgage loan originators must now be Nationwide Mortgage Li-
registered with... censing System and Reg-
istry (NMLSR)
14. Passed to ensure that banks would serve the needs Community Reinvestment
of the community where they were chartered to do Act
business
15. The practice of refusing to provide financing in a par- Redlining
ticular area because of the location
16. The Texas Veteran's Loan Program Buyes loans from lender
17. To participate in the program, the Veteran obtains Texas Veteran's Loan Pro-
a FHA, VA, or conventional loan from participating gram (VLB)
lenders
18. The ____ allows Texas Vets to borrow up to $150,000 to Veterans Land Loan Pro-
purchase land at competitive rates while only requir- gram (VLB)
ing 5% downpayment
19. Veterans, military members, their spouses, and their Veterans Housing Assis-
surviving spouses may receive up to $726,200 on a tance Program (VHAP)
fixed rate for 15, 20, 25, or 30-year terms.
20.
2/9
1. The process of creating a new mortgage loan Origination
2. The detailed process of evaluating a borrower's loan Underwriting
application to determine the risk involved for the
lender
3. When there is an excess of money supply in the market Monetary inflation
4. Which agency insures deposits in bank and thrift insti- Federal Deposit Insurance
tution for up to $250,000? Corporation
5. prohibit housing discrimination based on sex, race, Federal Fair Housing
color, religion, national origin, disabilities, or familial
status
6. Federal Fair Housing falls under the _____ program HUD
7. Assists low income households w/ rental subsidies in Office of Public and Indian
the private sector, primarily through Section 8, and Housing (PIH)
administers HUD's public housing programs
8. Aid states and communities, combining variety of old, Community Development
narrow, categorical programs; one of the oldest of fed- Block Grant (CDBG)
eral block grant program
9. Develop and operate housing for low-income families Public Housing Agency
(PHA) and Indian Housing
Authorities (IHA)
10. Administer programs to prevent housing discrimina- Assistant Secretary for Fair
tion through public education and enforcement and Housing and Equal Op-
ensures equal opportunity amongst programs, em- portunity (FHEO)
ployment, and fund recipients.
1/9
, Champions School of Real Estate Finance
11. Assists state and local gov't in becoming certified Fair Housing Assistance
(equivalent fair housing laws) and processing com- Program (FHAP)
plaints w/ technical assistance and training agents.
12. Funds public agencies w/ substantially equivalent fair Fair Housing initiative Pro-
housing laws and private nonprofit organizations -- gram (FHIP)
assist HUD in enforcement activities
13. All residential mortgage loan originators must now be Nationwide Mortgage Li-
registered with... censing System and Reg-
istry (NMLSR)
14. Passed to ensure that banks would serve the needs Community Reinvestment
of the community where they were chartered to do Act
business
15. The practice of refusing to provide financing in a par- Redlining
ticular area because of the location
16. The Texas Veteran's Loan Program Buyes loans from lender
17. To participate in the program, the Veteran obtains Texas Veteran's Loan Pro-
a FHA, VA, or conventional loan from participating gram (VLB)
lenders
18. The ____ allows Texas Vets to borrow up to $150,000 to Veterans Land Loan Pro-
purchase land at competitive rates while only requir- gram (VLB)
ing 5% downpayment
19. Veterans, military members, their spouses, and their Veterans Housing Assis-
surviving spouses may receive up to $726,200 on a tance Program (VHAP)
fixed rate for 15, 20, 25, or 30-year terms.
20.
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