Spring
When does spring allow non mortgage collections and/or charge offs not to paid off?
1 unit Primary
What is the Bankruptcy waiting period?
7 years
Name two countries that are in both Europe and Asia?
Turkey, Russia, Kazakhstan, Georgia, and Azerbaijan
Name two football teams that have never been to a Superbowl
Cleveland Browns, Detroit Lions, Houston Texans, and Jacksonville Jaguars
Which actor voiced both Darth Vader and The Lion King‘s Mufasa?
James Earl Jones
How long are credit credit reports good for with Spring?
60 days
What state is ineligible for CES HFI?
NY
What country has the second most English Speakers in the world? (Hint English may not be there 1st language)
India
Which country won the most gold medals in the Milan winter olympics?
Norway
What is the most-watched scripted television episode in U.S. history?
MAS*H (1983 Finale)
When are you not able to use rental income from an investment subject property? (Even if the member can show rental income on last two years tax returns)
The member does not have a primary housing expense (living rent free)
What is the minimum loan amount in Iowa
$69,500
What is the easternmost state?
Alaska
What is the second most popular sport in the world?
Cricket
Who is the highest-grossing film director in history?
Steven Spielberg
When can a member not use a prior appraisal with spring?
- Investment properties with loan amounts greater than or equal to $250,000
- 2-4 Units properties with loan amounts greater than or equal to $250,000
How long does a member have to wait after they purchase a property before they can do a CES HFI?
No waiting Period.
Bonus Question for Extra 200
How do we determine the value if the member just purchased the home?
What is the worlds most southern country?
Chile
Which Major League Baseball team has never been to a world series?
Seattle Mariners
Who holds the record for the highest-grossing tour of all time?
Taylor Swift
How long must a member be on title for an Investment property HELOAN and HELOC with Spring?
At least one borrower must have been on title for a minimum of 6 months prior to the application date.
When are taxes and or insurance required to be paid at closing?
If the member does not escrow on their first mortgage and if the taxes and or insurance is due within 60 days of funding
Which central american country recognizes English as its official language?
Belize
Name all of the South American countries that have won a world cup
Brazil, Argentina and Uruguay
What is the only US president that did not get elected?
Gerald Ford