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16 Cards in this Set
- Front
- Back
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What are the housing expense and DTI requirements on a Fannie Mae and Freddie Mac conforming loan?
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What is the maximum conforming loan limit on a 1-unit residential home?
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What is a prime loan or "A-paper?"
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What is an Alt-A loan?
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What is a non-conforming mortgage?
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How can a borrower obtain 6% seller concessions on a conforming purchase transaction?
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5/1 ARM is used to describe?
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What is an option ARM?
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The Guidance was a response to?
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How can a potential borrower's self employed income be verified?
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The Guidance considers which loan types to be the riskist?
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A subprime borrower typically has how many 30 day delinquencies?
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A subprime borrower has a credit score of?
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What are the housing expense and DTI requirements on a FHA mortgage loan?
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What is the definition of a note?
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What is a 203(b)?
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What is another name for a deed restriction?
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What is the minimum down payment on a FHA mortgage loan?
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What is another name for an escrow account?
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What is the minimum down payment on a VA mortgage loan?
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Why are ARMs risky according to The Statement on Subprime Lending?
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A balloon loan is prohibited on high cost loans in which situation?
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What is a 180/360?
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A reverse mortgage is for who?
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What is the definition of acceleration clause?
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What is a hard money loan?
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A mortgagee stands for?
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What is the definition of due-on-demand clause?
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What does PFC stand for?
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What are a few examples of a non-conventional loan?
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What is the name of the handbook that is required by TILA for home equity lines of credit?
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Which method of foreclosure utilizes a power of sale clause?
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