AYPO Real Estate: Real Estate Finance Final Exam Review
UPDATED ACTUAL Questions and CORRECT Answers
Which of these is not among the generally reliable Inheritance
market source for home finance?
An amortized loan is best described by which of the One that is paid off with a fixed schedule in regular installments over time.
following?
Which of these is not one of the four phases of the real Demand
estate cycle?
Investment products (such as securities) are purchased 1. Primary market
and/or exchanged in the: 2. Secondary market
Which of these financial resources in not a credit Standard and Poor's
reporting agency?
The Federal Reserve System does not directly control 1. Levels of employment.
which of the following? 2. National production.
3. Inflation.
Which of these is not a negotiable instrument? Crossed check
Which of these IS NOT a function of the Dept. of the Providing home loans directly to consumers
Treasury?
, Which of these is a major focus area of the FDIC? 1. Bank deposit insurance
2. Receivership management
3. Banking regulation supervision
Which of these cities IS NOT home to one of the 11 Seattle
regional FHLBs?
What occurs in secondary capital markets? Securities are traded between investors
Government-sponsored agencies that provide support to 1. Federal Deposit Insurance Corporation (FDIC)
the real estate finance industry include which of the 2. U. S. Department of the Treasury
following? 3. Federal Home Loan Banks
The FHA assists in providing mortgage insurance for all of Retail business establishments.
these, except for which of the following?
If a borrower has credit scores above 580, the required 3.50%
downpayment on an FHA-backed loan is normally what
percent of the value of the property?
Which of these acts revised the mortgage lending TILA-RESPA
disclosures effective as of October 2015?
What is the purpose of a Certificate of Eligibility? To verify that the borrower is in fact allowed to receive a VA loan
Which of the following is a part of the Making Home The Principal Reduction Alternative
Affordable® Program?
Which of these is a housing resource in Texas? 1. TSAHC
2. HUD - Texas
3. TDHCA
Agricultural loans make up approximately ___ of all bank 1%
loans.
Which of these IS NOT required to request a Loan Borrower employment history
Estimate from a lender?
Which of these IS NOT a focus of the Closing Disclosure? Inspection and repair agreements
IPOs (initial public offerings) take place in the ________ Primary, secondary
market while MBSs (mortgage-backed securities) sales
generally occur in the _____ market.
UPDATED ACTUAL Questions and CORRECT Answers
Which of these is not among the generally reliable Inheritance
market source for home finance?
An amortized loan is best described by which of the One that is paid off with a fixed schedule in regular installments over time.
following?
Which of these is not one of the four phases of the real Demand
estate cycle?
Investment products (such as securities) are purchased 1. Primary market
and/or exchanged in the: 2. Secondary market
Which of these financial resources in not a credit Standard and Poor's
reporting agency?
The Federal Reserve System does not directly control 1. Levels of employment.
which of the following? 2. National production.
3. Inflation.
Which of these is not a negotiable instrument? Crossed check
Which of these IS NOT a function of the Dept. of the Providing home loans directly to consumers
Treasury?
, Which of these is a major focus area of the FDIC? 1. Bank deposit insurance
2. Receivership management
3. Banking regulation supervision
Which of these cities IS NOT home to one of the 11 Seattle
regional FHLBs?
What occurs in secondary capital markets? Securities are traded between investors
Government-sponsored agencies that provide support to 1. Federal Deposit Insurance Corporation (FDIC)
the real estate finance industry include which of the 2. U. S. Department of the Treasury
following? 3. Federal Home Loan Banks
The FHA assists in providing mortgage insurance for all of Retail business establishments.
these, except for which of the following?
If a borrower has credit scores above 580, the required 3.50%
downpayment on an FHA-backed loan is normally what
percent of the value of the property?
Which of these acts revised the mortgage lending TILA-RESPA
disclosures effective as of October 2015?
What is the purpose of a Certificate of Eligibility? To verify that the borrower is in fact allowed to receive a VA loan
Which of the following is a part of the Making Home The Principal Reduction Alternative
Affordable® Program?
Which of these is a housing resource in Texas? 1. TSAHC
2. HUD - Texas
3. TDHCA
Agricultural loans make up approximately ___ of all bank 1%
loans.
Which of these IS NOT required to request a Loan Borrower employment history
Estimate from a lender?
Which of these IS NOT a focus of the Closing Disclosure? Inspection and repair agreements
IPOs (initial public offerings) take place in the ________ Primary, secondary
market while MBSs (mortgage-backed securities) sales
generally occur in the _____ market.
