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

Which loan is available for registered domestic partners?

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

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

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

The government is actually the lender of:

In California most of the real estate syndicates are:

After a borrower pays off a CALVET loan by:

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

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

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

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

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

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

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

A low loan to value ratio would be indicative of:

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

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?

A substantial down payment in real estate:

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 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:

"It is now operating under a conservatorship" describes:

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

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

Disintermediation refers to:

FICO refers to:

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?

Insurance companies, in givin real estate loans:

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

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

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

Under federal law, a real estate trust must have:

Title I FHA loans:

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

Which of the following is an open-end loan?

FHA mortgage insured loans are made by:

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:

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:

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

An advantage of FHA financing to the buyer is:

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

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

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

Title is held under a CALVET loan by:

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

Who pays for Mutual Mortgage Insurance?

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

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

A construction loan would most likely be made by:

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

A mortgage loan correspondent would be regulated primarily by:

Both FHA and VA loans cover:

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

Which of the following is true?

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:

The term impounds refers to:

CALVET loans are made from:

Rental housing loans are available through:

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?

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

An advantage of FHA financing is not that it:

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

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

On a $45,000 loan, the VA guarantee 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?

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

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

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?

The amount of a VA loan is limited to:

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?

The function of Ginnie Mae do not include:

The lender's best protection would be:

Which of the following is true?

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

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

Which of the following is corect?

A lender who sells the loans it makes is likely: