RE Financing Market
Loan Programs
Financing Techniques
Financing Legislation
Miscellaneous
100
Government influences, primary mortgage market, secondary mortgage market
What is Real Estate Financing Market
100
How mortgage loans generally classified
What is loan-to-value ratio
100
known as a term loan
What is straight loans
100
Informing a consumer of all finance charges and the interest rate before a transaction is complete
What is Truth in Lending Act
100
the lender's cost of doing business
What is margin
200
Maintain credit conditions and creates a favorable economic climate
What is Federal Reserve System
200
a loan insured by the agency
What is FHA - insured loans
200
regular periodic payments are made over a term of years
What is amoritized loan
200
Grace period to resend on a transaction
What is Three Day Right of Recission
200
Buys and sells bonds
What is Federal Reserve Open Market
300
Made up of lenders that originate mortgage loans
What is primary market
300
not government insured or guaranteed
What is conventional loans
300
a partially amortized loan
What is a Balloon payment plan
300
no discrimination against credit applicants
What is Equal Credit Opportunity Act
300
Payments made by the lender to the borrower
What is Reverse mortgage
400
Helps lenders raise capital to continue making mortgage loans
What is Secondary Mortgage Market
400
FSA
What is Farm Service Agency
400
regular periodic payments are made over a term of years
What is a amortized loan?
400
RESPA
What is Real Estate Settlement Procedures Act
400
does not apply to business, commercial, or agricultural loans
What is Regulation Z
500
charged by the Federal Reserve when it lends to its member banks
What are discount rates
500
protects a certain percentage of a loan
What is private mortgage insurance (PMI)
500
the rate fluctuates up or down during the loan term
What is Adjustable - rate mortgage
500
CRA
What is Community Reinvestment Act of 1997
500
often referred to as seller financing or owner financing
What are Purchase money mortgages
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