9. The problem of lenders denying loans of applicants who live in a certain area or neighborhood, even though the applicant is financially qualified has been addressed by thea.community reinvestment actb. truth-in-lending actc. equal credit opportunity actd. real estate settlement procedures act10. A court supervised workout of a financially troubled business is _______ bankruptcyChapter 101. Private mortgage insurance (PMI) is usually required on _______ loans with loan-to-value ratios greater than ________ percent.2. The preferred loan type originated and kept by most depository institutions is the:3. Which of the following mortgage types has the most default risk, assuming the initial loan-to-value ration, contact interest rate, and all other loan terms are identical?a. interest-only loansb. fully amortizing loansc. partially amortized loansd. there is no difference in the default risk of these loans
4. A mortgage that is intended to enable older households to “liquefy” the equity in their home is the:5. A jumbo loan is:6. The maximum loan-to-value ratio for an FHA loan is approximately7. The maximum loan-to-value ration on a VA-guaranteed loan is:a. 90%b. 98%c. 99%d. 100%8. Conforming conventional loans are loans that9. Home equity loans typically10. A simple but durable method of determining whether to refinance is to use
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