Title is held under a CALVET loan by:

In considering the liquidity of its mortgage portfolio, a lender would be realating to:

A lending institution might make a government-insured or goverment guaranteed loan rather than a conventional loan at higher interest because of:

Both FHA and VA loans cover:

A lender on a note signed by multiple borrowers would prefer that their liability be:

A government agency that issues mortgage-backed securities would be:

A buyer was able to get down payment assistance as well as a below market rate of interest. Where did she obtain this loan?

A number of people wish to invest money only in a real estate project but wish to limit their liability. They would form a:

A buyer wishes to obtain a loan on a house and assume the bonded indebtedness. Which of the following would be true?

CALVET loans are made from:

In evaluating a man's income for a loan, the least weight would be given to:

On a $45,000 loan, the VA guarantee would be:

Which of the following loans is not available for the purchase of a farm?

Which of the following is an open-end loan?

An advantage of FHA financing to the buyer is:

If appraisal on a VA loan is less than the purchase-price agreement:

A veteran wishes to refinance her home with a VA loan. The lender is willing but insists on 31/2 points.

As to loan brokers, which of the following is true?

Which of the following is not a general characteristic of loan broker-arranged secondary financing?

An advantage of a government-insured loan compared with a conventional loan would not be a:

Who pays for Mutual Mortgage Insurance?

Which loan is available for registered domestic partners?

Which of the following is not a description of FHA loans?

Which of the following is corect?

A prospective homebuyer is interested in a home that will have a PITI payment of $1,800. His gross monthly income is $7,600. What is his front-end ratio?

Rental housing loans are available through:

A mortgage loan correspondent would be regulated primarily by:

A veteran is purchasing a home under the California Veterans Farm and Home Purchase Program. Who would be designated the grantee in the grant deed given by the seller?

The primary advantage that an FHA loan offers to an institutional lender over a conventional loan is:

A seller insists on $280,000 as a sales price. The buyer can obtain an FHA loan of $270,000 but has only $6,000 down. The broker should:

In buying a home for rental use, a borrower would not obtain:

In California most of the real estate syndicates are:

A borrower has a gross monthly income of $3,400. The borrower wishes to obtain a loan in which the mortgage payment including taxes and insurance will be $950. The front-end ratio would be:

An insurance company is least likely to make a loan on a(n):

A borrower has a gross monthly income of $3,400. The borrower wishes to obtain a loan in which the mortgage payment including taxes and insurance will be $950. The borrower is making long term debt payments of $350 per month. The back-end ratio would be:

FICO refers to:

William, whose credit is good, wants to buy a small business. He is a good customer of the bank where he heeps his account. The business he wants to buy is a reasonable one to make money. Who will most likely be the lender?

Mutual savings banks are located primarily in the __ part of the United States.

An advantage of FHA financing is not that it:

The term impounds refers to:

With a monthly gross income of $3,800, loan payment (PITI) of $1,142, and long term monthly debt obligations of $340, the back end ratio would be:

Under federal law, a real estate trust must have:

Life and disability insurance must be purchased by a borrower under a(n) ___ loan.

Albert lost his job but his house payments were made for him because he had a:

A construction loan would most likely be made by:

A borrower obtained a haft-million dollar home purchase loan at a low rate without a down payment. He likely went to:

A broker should direct a buyer on an offer contingent on an FHA loan to:

The lender's best protection would be:

A loan-t0-value ratio is best described as:

FHA mortgage insured loans are made by:

As to mortgage brokers and mortgage bankers, which of the following is true?

When are the premiums paid on the insurance for an FHA loan?

A prospective homebuyer is interested in a home that will have a PITI payment of $1,800. His gross monthly income is $7,600. The buyer has long term debt payments of $1,420 per month. What is his back-end ratio?

Title I FHA loans:

The government is actually the lender of:

After a borrower pays off a CALVET loan by:

Which of the following is true?

The highest interest rate is most likely to be charged by:

Which type of property has the highest loan-to-value ratio?

A CRV would be needed for a(n) ___ loan.

As a general rule, the difference between individual and institutional lenders is that individual lenders:

The property is usually in close proximity; small loans and business loans are preferred; and the past record of the customer is important. What type of lender does the preceding description represent?

A substantial down payment in real estate:

A low loan to value ratio would be indicative of:

Disintermediation refers to:

The major purpose for which the Federal National Mortgage Association (FNMA) was created was to:

The amount of a VA loan is limited to:

Which of the following is not a characteristic of VA loans?

Insurance companies, in givin real estate loans:

The function of Ginnie Mae do not include:

"It is now operating under a conservatorship" describes:

The source of money for most home loans by institutional lenders is:

Which of the following is true?

A borrower did not have a sufficient down payment for an FHA loan. The broker loaned the buyer $1,000 on a personal note in order for the buyer to complete this transaction. This loan:

A CALVET/VA loan differs from other CALVET loans in that it can be obtained:

A lender who sells the loans it makes is likely:

Their loans are all variable rate. What agency is this?

A broker aided a buyer in the preparation of fraudulent income statements in order to qualify for a bank loan. This would: