Mortgage Mania
(Guidelines & Such)
(Guidelines & Such)
Mortgage Acronyms
Non-QM Noggins
Pop Culture
History Hype
TV & Movies Buffs
How well do you know your coworkers
100
This type of loan meets Fannie Mae or Freddie Max guidelines. What type of loan is this?
Conforming Loan
100
What does CD stand for?
Closing Disclosure
100
The CCM signature expanded bank statement program allows your borrower to qualify based on an average of deposits showing bank statements over a ____ or ____ period.
12 or 24
100
These two iconic music artists were in a recent rap feud. Name the artists
Kendrick Lamar & Drake
100
The largest state in the US is ..
Alaska
100
This TV show consists of entrepreneurs trying to sell their products to people who can make a dream become a reality.
Shark Tank
100
Name the 2 employees that are engaged to be married
Kayla and Tori
200
With a 3-2-1 buydown, how much does the buyer's interest rate reduce by in year 2?
2%
200
What does MIP stand for?
Mortgage Insurance Premium
200
Name 4 of the 7 Non-QM CCM Signature Expanded Products
1. Asset Qualifier
2. Bank Statement
3. Foreign National
4. Full Doc
5. Investor Cash Flow
6. 1099
7. ITIN
200
Who Plays Ken In the 2023 movie "Barbie"?
Ryan Gosling
200
Which two signers of the Declaration of Independence went on to serve as president of the United States?
John Adams and Thomas Jefferson
200
What is Kramer’s first name on Seinfeld?
Cosmo
200
Name 1 of Veronica's sons
Max or Jimmy
300
Typically amortized over thirty years. This product offers an initial rate for a certain period of time. After the initial period ends, the rate becomes fully-indexed.
ARM
300
What does HECM stand for?
Home Equity Conversion Mortgage
300
What is the max LTV on the CCM Signautred Expanded 1099 program?
90%
300
Who is Rihanna's boyfriend
ASAP Rocky
300
According to the Census Bureau, name 3 of the 5 most common surnames in the United States
Smith, Johnson, Williams, Jones and Brown
300
What is the most watched show in Netflix history?
Hint: they just put out a season 2
Squid Games
300
Name this employee
Nicole Habib
400
Residents purchase stock in a corporation that owns a structure; each stockholder is then entitled to live in a specific unit of the structure and is responsible for paying a portion of the loan. What type of property is this?
Co-Op
400
What does FICO stand for?
Fair, Isaac and Company
400
Explain the CCM Signature Expanded Asset Qualifier program and who benefits from this program
It is a program where qualification is determined based on financial assets rather than a DTI based on income documentation. High networth borrowers, clients who recently sold their business or property, retiree’s or individuals who recently changed jobs
400
Most streamed female artist on spotify
Billie Eilish
400
Name the five great lakes
Huron, Ontario, Michigan, Erie, Superior
400
Name the 4 Teenage Mutant Ninja Turtles
Leonardo
Donatello
Raphael
Michelangelo
400
What is the name of Delma's boyfriend
Burt
500
Name 5 of the 15 available calculators in LO1
1. Affordability
2. Amortization
3. Blended Rate
4. Buydown
5. Debt to Income
6. Down Payment
7. Extra Payment
8. Loan to Value
9. Monthly Payment
10. Mortgage
11. Refinance
12. Renovation Estimator
13. Rent Vs. Buy
14. Reverse Mortgage
15. Mortgage Interest Tax Benefits
500
What does USDA stand for and who is a USDA loan intended for?
The United States Department of Agriculture (USDA)
100% LTV Government guaranteed loan for lower-income borrowers in rural areas. Requires an upfront funding fee and annual funding fee collected monthly.
500
What is the max DTI on the CCM Signature Expanded Full Doc Program
55%
500
Who has the most followed account on Instagram
Christiano Ronaldo
500
Who were Nixon's 2 Vice Presidents?
Spiro Agnew (1969–1973)
Gerald Ford (1973–1974)
500
What is the number 1 US box-office movie of all time?
Avatar
(It was Titanic until 2009)
500
Dean is the grandpa to how many grand babies
3!
600
Higher-interest loans with onerous terms made to borrowers with blemished credit or other qualification issues that do not conform with Fannie Mae and Freddie Mac underwriting requirements. These mortgage products disappeared with the collapse of the secondary market that purchased them.
Subprime Mortgage.
600
What does HUD stand for and what is it?
Housing and Urban Development.
HUD is a Cabinet department in the executive branch of the US federal government. It houses (no pun intended) the Federal Housing Administration.
600
What are the Amortization Term options for the CCM Signature Expanded 1099 Program?
40, 30, 15
600
Define the hip slang word "Rizz"
The ability to attract or charm a romantic partner
600
Who was assasinated to start World War 1?
Archduke Franz Ferdinand of Austria was assassinated on June 28, 1914, which set off a chain of events that led to World War I.
600
What movie says this line - "Your never fully dressed without a smile"
Annie
600
Name this employee
Shane Kennedy!