Real Estate Principles Chapter 12 Answer Key

Real Estate Principles Chapter 12 Answer Key - Real Estate...

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Real Estate Principles: A Value Approach Chapter 12 Test Problems Answer Key 1. Mortgage banking companies: a. Collect monthly payments and forward them to the mortgage investor b. Arrange home loan originations, but do not make the actual loans c. Make home loans and fund them permanently d. None of the above 2. In recent years, the mortgage banking industry has experienced: a. Decline b. Decentralization c. Limited Consolidation d. Rapid Consolidation 3. Currently, which type of financial institution in the primary mortgage market provides the most funds for the residential (owner-occupied) housing market? a. Life insurance companies b. Savings and loan associations c. Credit Unions d. Commercial Banks 4. For all except very high loan-to-value conventional home loans, the standard payment ratios for underwriting are: a. 28 percent and 36 percent b. 25 percent and 33 percent c. 29 percent and 41 percent
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d. 33 percent and 56 percent 5. The numerator of the standard housing expense (front-end) ratio in home loan
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Real Estate Principles Chapter 12 Answer Key - Real Estate...

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