Study guides, Class notes & Summaries

The process of creating a new mortgage loan Origination The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender Underwriting When there is an excess of money supply in the market Monetary inflation Which agency insures deposits in bank and thrift institution for up to $250,000? Federal Deposit Insurance Corporation prohibit housing discrimination based on sex, race, color, religion, national origin, disabilities, or familial status ...

Champions School of Real Estate Finance Questions And Answers _____ provides insurance on single family, multifamily, and manufactured house - FHA 1 point = ________ of the loan amount - 1% A _____ is the borrowers unconditional promise to repay and includes the amount borrowed, payment amount, due date, and rate of interest - Promissory note A ______ is a pledge of real estate as security for repayment of a debt - Mortgage A borrower is known as a - Mortgagor ...

Champions School of Real Estate Finance Exam/73 Questions with Verified solutions

Seller's market - ANSWER-When supply is low and demand is high Buyer's market - ANSWER-When supply is high and demand is low The process of creating a new mortgage loan - ANSWER-Origination The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - ANSWER-Underwriting When there is an excess of money supply in the market - ANSWER-Monetary inflation Which agency insures deposits in bank and thrift institution for up to $250,0...