#572 An item in an instrument used for the security of a home purchase that will allow the lender to declare the entire debt of the loan due and payabe immediately if the borrower defaults or breaches the agreement is known as the Principle
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03/07/2010
#571 Acceleration is the process of declaring an entire loan balance due because a borrower defaulted on the loan or, if there is an alienation clause in the loan, the borrower sold the home without the lender's approval. Is this fact true or f
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03/07/2010
#570 This phrase, "If you have great credit your could get great loan terms", would red flag the requirement under the Truth In Lending Act or TILA. True or False ? Take your time. The solution is posted below the wildlife photo. A. False Thi
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03/07/2010
#569 A federal law that prohibits lenders from making high cost predatory home equity loans is known as Equal Credit Opportunity Act or the ECOA. Is this fact true or false ? Please take your time. The solution is below the wildlife photo.
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03/07/2010
#568 Loan flipping is prohibited under the Real Estate Settlement Procedures Act. Is this fact true or false ? Please take your time the solution is posted below the wildlife photo. A. False The Real Estate Settlement Procedures Act or RESPA
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03/07/2010
#567 When we talk about an impound waiver we're discussing a practice that involves charging points or processing fees that are out of the ordinary. Is this fact true or false ? Please take your time. The solution is posted below the wi
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03/07/2010
#566 Steering involves charging a borrower processing fees or points to close that are higher than usual because the lender is steering the borrower away from a conventional loan. Is this fact true or false ? Please take your time. The solutio
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03/07/2010
#565 A loan secured by a fleet of tractors to purchase additional farm equipment would be covered under the Truth In Lending Act. Is this fact true or false ? Please take your time. The solution is posted below the wildlife photo. A. False
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03/07/2010
#564 Property flipping will involve the charging of processing fees that are not necessary for the services provided by the lender. Is this true or false ? Please take your time. The solution is posted below the
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02/28/2010
#563 Fee Packing is a predatory lending practice which imposes the practice of charging points and fees for processing a loan that are out of the ordinary and higher than normally charged. These are fees that have no
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02/28/2010
