NMLS SAFE EXAM,NMLS/ SAFE Test Revie, SAFE MLO NMLS Licens... - $28.95 Add To Cart
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What does TILA stand for? - AnswerTruth-In-Lending Act, Regulation Z What is a HELOC loan? - Answera secured loan in that you are borrowing against the eq... [Show More]
Primary Mortgage Market - answerWhere credit institutions originate loans C. The maximum the rate can increase over the life of the loan - answerWhen an A... [Show More]
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrowe... [Show More]
The practice of getting people to sell their homes at bargain prices by suggesting that certain ethnic groups are going to move into the area is nickname... [Show More]
Enhancing protection and reducing fraud by directing states to adopt minimum uniform standards for the licensing and registration of residential mortgage ... [Show More]
1. Regarding Mortgage Servicing Transfers, what are the number of days that the current mortgage servicer must inform that customer prior to transferring t... [Show More]
RESPA >>>Real Estate Settlement Procedures Act Regulation X Which of the following circumstances is least likely to lead to a determination that two ent... [Show More]
Acceleration Clause - answerA portion of a lending agreement that forces the borrower to repay the entire loan upon the first instance of borrower default... [Show More]
A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broke... [Show More]
Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER... [Show More]
Fraud for money Laundering - correct answer -Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell ... [Show More]
What law deals with credit, APR & Advertising of consumer loans? - correct answer TILA Which regulation prohibits kickbacks? - correct answer RESPA Which... [Show More]
Fraud for money Laundering - ANSWER--Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at ap... [Show More]
Primary Mortgage Market - AnswerWhere credit institutions originate loans C. The maximum the rate can increase over the life of the loan - AnswerWhen an A... [Show More]
ARM - answerA variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodical... [Show More]
Primary Mortgage Market - ANSWER-Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER-When an... [Show More]
A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broke... [Show More]
NMLS missed test questions and answers Payments for qualified mortgages must be based on - Answer the maximum interest rate that will apply during the fi... [Show More]
which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - answer FEDERAL RESERVE... [Show More]
1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - ANSWER-•90 days 2) A COFI index is d... [Show More]
"Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, a... [Show More]
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