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Unformatted text preview: . When the Federal Reserve Bank feels that there is an inflationary trend in the United States, it is likely to do which of the following: Dynasty School (www.dynastySchool.com) 5-55 REAL ESTATE FINANCE
A. B. C. D. 7. Adjust the amount of reserves required for its member banks Increase the discount rate Enter into the government bond market in a selling capacity All of the above The term CRV refer to: A. B. C. D. Certified regional valuations. Certified Reasonable value. A loan guaranteed by the Department of Veterans Affairs. A real estate agent who specializes in GI loans. 8. The Federal Home Loan Bank: A. B. C. D. Insures savings and loan associations against losses Acts as a “banker's bank” Insures commercial bank depositors against loss All of the above 9. The Federal National Mortgage Association: A. B. C. D. Is a stockholder–owned corporation Purchases FHA, DVA and conventional loans Is the leading secondary money market for mortgage notes All of the above 10. The following is used as the security instrument to finance a Cal–Vet loan: A. B. C. D. Deferred deed Land contract Mortgage Trust deed 5-56 Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities 5: GOVERNMENT PARTICIPATION & BACKED LOANS Answer Key: 1–B, 2–B, 3–D, 4–C, 5–B, 6–D, 7–B, 8–A, 9–D, 10–B Dynasty School (www.dynastySchool.com) 5-57 6: HARD MONEY LOAN & CONVENTIONAL LOANS CHAPTER 6: HARD MONEY LOANS & CONVENTIONAL LOANS PREVIEW
This chapter covers conventional loans, their advantages and disadvantages, and how to compare one lender with another. Buy–down loans are explained, and several examples are given. The California Fair lending Regulations are outlined and analyzed. The chapter concludes with a discussion of private mortgage insurance companies. We will then look into the two types of loan, the conventional and nonconventional which was discussed in previous chapter. SOFT MONEY LOANS
A soft money loan...
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This note was uploaded on 12/30/2010 for the course SOC 101 taught by Professor Zhung during the Spring '10 term at Punjab Engineering College.
- Spring '10