{"id":117496,"date":"2023-08-28T21:36:30","date_gmt":"2023-08-28T21:36:30","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=117496"},"modified":"2023-08-28T21:36:32","modified_gmt":"2023-08-28T21:36:32","slug":"hud-bundled-certification-exam-questions-and-answers-with-complete-solutions-rated-a","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/28\/hud-bundled-certification-exam-questions-and-answers-with-complete-solutions-rated-a\/","title":{"rendered":"HUD BUNDLED Certification Exam Questions and Answers with Complete Solutions | RATED A+"},"content":{"rendered":"\n

HUD Certification Exam | 115 Questions and
Answers 2023 100% Correct (Verified Answers)
Deed Restrictions – correct answer\u2714\u2714 Legally enforceable terms that govern the use
of real estate
Redlining – correct answer\u2714\u2714 The practice of refusing to make residential loans or
imposing more onerous terms on any loans made because of the predominant race,
color, national origin, religion, sex, disability, or familial status of the area’s residents.
Civil Rights Act of 1968 – correct answer\u2714\u2714 Following the assassination of Dr. Martin
Luther King Jr., Congress passed what monumental piece of legislation, which prohibits
discrimination in housing sales, rentals, and financing based on race, color, national
origin, religion, sex, disability and familial status?
7 – correct answer\u2714\u2714 The Fair Housing Act, as amended, protects how many
characteristics?
Reasonable Modification – correct answer\u2714\u2714 A property manager of an apartment
complex that receives federal financial assistance installs a ramp so that a tenant in a
wheelchair can easily access her first-floor apartment.
Reasonable Accommodation – correct answer\u2714\u2714 Housing provider has a policy of
requiring tenants to come to the rental office to pay their rent. A tenant with a mental
disability, who is afraid to leave her unit, is allowed to mail her rent payment.
True – correct answer\u2714\u2714 The Fair Housing Act does not prohibit a lender from
showing potential clients information about different loans.
Fair Housing Assistance Program (FHAP) – correct answer\u2714\u2714 Provides annual
funding to state and local agencies that enforce fair housing laws that are substantially
equivalent to the Fair Housing Act. These funds go towards an agency’s capacity
building, administrative costs, investigative and enforcement efforts, training and other
projects designed to support enforcement of fair housing law.
Fair Housing Initiatives Program (FHIP) – correct answer\u2714\u2714 Provides funding to fair
housing organizations and nonprofits that assist people who may have been victims of
housing discrimination.
Marketing Analysis – correct answer\u2714\u2714 Aim is to identify groups of people who would
benefit most if targeted by the campaign, the characteristics of these people, and their
expectations.<\/p>\n\n\n\n

Networking Event – correct answer\u2714\u2714 The opportunity to increase awareness of the
plans and actions of housing industry members, private organizations and foundation s,
public housing agencies, neighborhood groups, regional organizations, and others to
further fair housing objectives.
Personal Information – correct answer\u2714\u2714 The section of the credit report that
contains employer details.
Account Information – correct answer\u2714\u2714 The section of a credit report that contains
information about a student loan.
Public Records – correct answer\u2714\u2714 The section of the credit report that contains
court information such as a bankruptcy.
Inquiries – correct answer\u2714\u2714 The section of the credit report that will show recent
attempts to open a credit card.
Consumer Rights – correct answer\u2714\u2714 The section of the credit report that contains
information about how to correct inaccuracies.
Account History – correct answer\u2714\u2714 Credit: Payment history of accounts, including
late payments, delinquencies, judgments, and liens.
Amounts Owed – correct answer\u2714\u2714 Credit: Ratio of total credit extended to the
amount of credit owed.
Length of Credit History – correct answer\u2714\u2714 Credit: Overall length of credit history in
the report as well as the average age of accounts.
Types of Credit – correct answer\u2714\u2714 Credit: Variety of accounts (e.g. credit card, auto
loan, mortgage)
New Credit – correct answer\u2714\u2714 Credit: Number of recent credit inquiries, as well as
new credit accounts.
AnnualCreditReport.com – correct answer\u2714\u2714 Where does a client go to get a free
credit report?
Fair Credit Reporting Act (FCRA) – correct answer\u2714\u2714 You have the right to dispute
information in your credit file that is incomplete, inaccurate, or unverifiable.
Fair and Accurate Credit Transactions Act (FACTA) – correct answer\u2714\u2714 You have
the right to a free annual credit report.<\/p>\n\n\n\n

HUD Exam Prep 119 Complete Questions and
Answers 2023
% Impact of Account Payment History on Credit Score – correct answer\u2714\u2714 35%
portion of credit score based on the payment history of accounts, including late
payments, delinquencies, judgments, and liens
% Impact of Amounts Owed on Accounts on Credit Score – correct answer\u2714\u2714 30%
portion of score based on the ratio of total credit extended to the amount of credit owed
% Impact of Length of Credit History on Credit Score – correct answer\u2714\u2714 15%
portion of score based don the overall length of credit history in the report, as well as
average age of accounts
% Impact of Types of Credit Used on Credit Score – correct answer\u2714\u2714 10%
portion of score based on the variety of accounts
% Impact of New Credit on Credit Score – correct answer\u2714\u2714 10%
portion of score based on the number of recent credit INQUIRIES
1.1.1) All of the following would help a counselor develop a realistic household budget,
except:
A. Payment information for a paid-off car
B. Amount spent on groceries
C. Rent payment information
D. Monthly cable bill – correct answer\u2714\u2714 A
1.1.2) All of the following are reasons why it is important for a client to track income and
expenses before finalizing a budget, except:
A. It helps show clients that they actually spend less on some expenses than they think.
B. It helps identify spending habits.
C. It helps show clients that their spending and expenses are out of control.
D. It helps define realistic and attainable goals and timelines. – correct answer\u2714\u2714 C
1.1.3) Which of the following is a “want” and not a “need”?
A. Health care premium
B. Car insurance
C. Gym membership
D. Rent – correct answer\u2714\u2714 C
1.1.4) All of the following are effective ways to decrease expenses, except:
A. Cancel insurance policy
B. Cancel cable service<\/p>\n\n\n\n

C. Stick to a shopping list
D. Conserve energy in the home – correct answer\u2714\u2714 A
1.1.5) All of the following are effective strategies to increase income, except:
A. Work over time
B. Teach yoga
C. Find a second job
D. Factor in an anticipated raise – correct answer\u2714\u2714 D
1.1.6) Rebecca’s next appointment is with Ray, a client who recently started a new job
and wants to buy a car to cut down on his commute. Rebecca reviews documents that
Ray brought to the counseling session and determines that Ray makes about $1,900
each month after taxes. He pays his bills every month and covers his other expenses,
but he never has any
money left for savings. Identify which information is used in determining a budget, and
which information is not.
A. Pay Stub
B. Bank Statements
C. Utility Bills
D. Social Security Award Letter
E. Annual Bonus
F. Stock Dividends
G. Employer Reimbursements
H. Credit Score – correct answer\u2714\u2714 Used to determine budget: A, B, C, D
Not used to determine budget: E, F, G, H
1.1.7) Ray’s commute on the bus takes over an hour, so he wants to buy a car as soon
as possible, but he has poor credit and cannot obtain a loan right now. He thinks he can
find a reliable car for about $2,000 and has about 20% of the total in the bank from his
tax refund. If Ray’s goal is to buy a car within 8 months, what is the minimum amount he
needs to save each
month?
A. $150
B. $175
C. $200
D. $225 – correct answer\u2714\u2714 C
1.1.8) Rebecca helps determine that with adjustments Ray can set aside $320 each
month to buy
the car. How many months will he need to save this amount?
A. At least 4
B. At least 5
C. At least 6
D. At least 7 – correct answer\u2714\u2714 B
1.2.1) Which section of a credit report will contain employer details?<\/p>\n\n\n\n

A. Consumer rights
B. Account information
C. Personal information
D. Public records
E. Inquiries – correct answer\u2714\u2714 C
1.2.2) Which section of a credit report will contain information about a student loan?
A. Personal information
B. Public records
C. Inquiries
D. Consumer rights
E. Account information – correct answer\u2714\u2714 E
1.2.3) Which section of a credit report will contain court information such as bankruptcy?
A. Public records
B. Inquiries
C. Personal information
D. Consumer rights
E. Account information – correct answer\u2714\u2714 A
1.2.4) Which section of a credit report will show recent attempts to open a credit card?
A. Personal information
B. Public records
C. Consumer rights
D. Inquiries
E. Account information – correct answer\u2714\u2714 D
1.2.5) Which section of a credit report will contain information about how to correct
inaccuracies?
A. Personal information
B. Consumer rights
C. Public records
D. Inquiries
E. Account information – correct answer\u2714\u2714 B
1.2.6) Indicate which of the following concepts would generate a positive effect on a
credit report
and which would have a negative effect:
A. Paying bills early
B. Filing for bankruptcy
C. Applying for a new credit card every month
D. High credit card balances – correct answer\u2714\u2714 Positive Effect on Credit Report
ANegative Effect on Credit Report
B-C-D<\/p>\n\n\n\n

1.2.9) Place the letters in the correct sequence from the MOST important factor to the
LEAST important factor that impacts the determination of a credit score.
A. Amount of total credit used
B. Number of inquiries on record
C. History of delinquent payment
D. Length of time accounts have been established – correct answer\u2714\u2714 Most
Important to Least Important
C-A-D-B
1.2.10) Where should a client go to obtain free credit reports?
A. www.freecreditreport.com
B. www.myfico.com
C. www.annualcreditreport.com
D. www.experian.com – correct answer\u2714\u2714 C
1.2.12) Consumers have rights protected by fair credit laws. Indicate which credit
regulation corresponds to the scenarios described. You may use an act more than
once.<\/p>\n\n\n\n

    \n
  1. Amy sees a charge she did not make on her credit
    card statement and wants to dispute it.
    A. Fair Credit Reporting Act (FCRA)
    B. Fair Credit Billing Act (FCBA)
    C. Fair and Accurate Credit Transactions Act (FACTA) – correct answer\u2714\u2714 B
    1.2.12) Consumers have rights protected by fair credit laws. Indicate which credit
    regulation corresponds to the scenarios described. You may use an act more than
    once.
    _ 2. Peter wants to dispute inaccurate information in his credit report. A. Fair Credit Reporting Act (FCRA) B. Fair Credit Billing Act (FCBA) C. Fair and Accurate Credit Transactions Act (FACTA) – correct answer\u2714\u2714 A 1.2.12) Consumers have rights protected by fair credit laws. Indicate which credit regulation corresponds to the scenarios described. You may use an act more than once. <\/strong>3. Jen has been the victim of identity theft and
    wants to place a fraud alert on her credit file.
    A. Fair Credit Reporting Act (FCRA)
    B. Fair Credit Billing Act (FCBA)
    C. Fair and Accurate Credit Transactions Act (FACTA) – correct answer\u2714\u2714 C
    1.2.12) Consumers have rights protected by fair credit laws. Indicate which credit
    regulation corresponds to the scenarios described. You may use an act more than
    once.
    __<\/em> 4. Mary wants to review her credit report for free.<\/li>\n\n\n\n
  2. <\/li>\n<\/ol>\n\n\n\n

    HUD Practice Exam 89 Verified Q&A 100% Correct
    Which document is most important when working with a client to develop an initial
    budget as part of a Client Action Plan? – correct answer\u2714\u2714 List of Assets
    Retirement plan statement
    Pay stub X
    Current lease
    A client would like purchase a home within one year. The client is motivated to increase
    household income as a way to save for a down payment and qualify for a loan. Which is
    the best solution for the client to reach this goal? – correct answer\u2714\u2714
    A credit report may contain which information? – correct answer\u2714\u2714 Income history
    Criminal record<\/p>\n\n\n\n

    of accounts in collection status<\/h1>\n\n\n\n

    A history of payments on an elctric bill
    A credit report contains inaccurate information. Which action item should the counselor
    include in the Client Action Plan? – correct answer\u2714\u2714 FIle a dispute with the
    appropaite credit reporting agency
    Six months ago a client left a job as a reporter to start a business in the retail industry.
    To prepare to buy a house, the client closed credit card accounts and has been using
    savings to pay down credit card debt and collections. The client has not been able to
    save much for a down payment with all the debt payments but knows about an
    affordable homeownership program that only requires a 1% down payment with an FHA
    loan.
    What might result from the client closing the credit card accounts? – correct answer\u2714\u2714
    Which action would a client take to improve a credit score? – correct answer\u2714\u2714
    A client does not receive a written monthly statement from the credit card company.
    Which credit law could this omission violate? – correct answer\u2714\u2714 FCBA
    A client shopping for a mortgage loan presents a housing counselor with an offer from a
    local mortgage lender. The interest rate on the offer is 7.5% for a 30-year fixed rate
    mortgage with a 20% down payment required. The counselor reviews the client file and
    determines the client’s credit score is 725 and the client’s total debt-to-income ratio is
    20%.
    The client asks the housing counselor if the offer is a case of illegal predatory lending.
    How should the housing counselor respond? – correct answer\u2714\u2714 I am unable to<\/p>\n\n\n\n

    determine whether the loan is predatory but i suggest you shop around with other
    ledning sources
    Which action should a counselor recommend a client take first after discovering identity
    theft? – correct answer\u2714\u2714 File an identity theft report
    In which situation would a client’s responsibilities, recurring costs, and upfront costs be
    evaluated? – correct answer\u2714\u2714 When weighing housing options
    A client works 40 hours a week making $15 an hour. What is the highest monthly
    mortgage the client can afford based on income if the client secures a conventional
    loan? – correct answer\u2714\u2714 Front End Ratio Formula
    Conventional = <28%
    Which type of government insured loan was created for financing homes in rural areas?<\/p>\n\n\n\n

      \n
    • correct answer\u2714\u2714 USDA
      A client keeps having budget problems due to unexpected expenses. Which financial
      tool would best assist this client to prepare for unexpected expenses and avoid
      increasing credit usage? – correct answer\u2714\u2714 Emergency Fund
      A client has a monthly household income of $2,300, monthly debt payments of $450,
      and an optimal monthly housing ratio of 32%. What is the client’s optimal monthly
      housing payment? – correct answer\u2714\u2714 Front End Ratio Formula
      What is the back-end ratio for a client with a monthly housing expense of $1,250, a
      monthly total of $88 in other consumer debt payments, and a gross household income
      of $4,460 per month (rounded to the nearest whole percent)? – correct answer\u2714\u2714
      Debt to income ratio or back end ratio
      A client earns a salary of $45,000 at a job held for three years. The client has credit
      card bills, student loans, and a car loan totaling $500 per month. The client has already
      saved $3,500 for a down payment and is using an FHA Energy Efficient Mortgage
      (EEM).
      If the client wants to make the minimum down payment for a home priced at $150,000,
      how much more does the client need to save? – correct answer\u2714\u2714 FHA
      downpayment is at least 3.5%
      Under which condition would most down payment assistance programs approve a
      waiver of the homeownership education requirement? – correct answer\u2714\u2714 Most will
      not waive the homeownership education requirement
      Which type of assistance administered by a public housing authority allows for location
      flexibility? – correct answer\u2714\u2714 Project based vouchers 2.2-23<\/li>\n\n\n\n
    • <\/li>\n<\/ul>\n\n\n\n

      SSI open water final exam Questions and
      answers 2023 (Verified Answers)
      Which of the statements concerning sound transmission underwater is incorrect?
      -Sound will travel farther underwater then in air
      -Divers find it difficult to locate the direction of a sound producing source
      -Divers find it easy to talk to each other directly through water
      -Sound travels four times faster underwater than in air – Answer\u2705 -Divers find it easy to talk
      to each other directly through water
      The absolute pressure expressed in terms of atmospheres absolute at 33 feet in sea water is:
      -2 ata
      -1 ata<\/p>\n\n\n\n

        \n
      • 4 ata<\/li>\n\n\n\n
      • 3 ata – Answer\u2705 2 ata
        The condition in which certain colors are diminished as depth increases is called:
        -Refraction
        -Turbidity
        -Diffusion
        -Absorption – Answer\u2705 Absorption
        Earplugs
        -Aid equalization of the middle of the ear<\/li>\n\n\n\n
      • Protect against cold
        -Should never be worn while diving
        -Protect ears from squeeze – Answer\u2705 -Should never be worn while diving
        Gauge pressure is defined as:<\/li>\n\n\n\n
      • Hydrostatic pressure minus 1 ata<\/li>\n\n\n\n
      • The pressure at the surface<\/li>\n\n\n\n
      • The depth reading on a gauge<\/li>\n\n\n\n
      • Absolute pressure minus 1 ata – Answer\u2705 – Absolute pressure minus 1 ata
        Sinus squeeze can be prevented by:
        -Valsalva technique<\/li>\n\n\n\n
      • Wearing earplugs<\/li>\n\n\n\n
      • Tilting the divers head back and forth<\/li>\n\n\n\n
      • Not diving with a cold – Answer\u2705 – Not diving with a cold
        The event that led to the use of the acronym SCUBA to describe diving was: – Answer\u2705 The
        development of the demand regulator in 1943<\/li>\n<\/ul>\n\n\n\n

        Ear squeeze can be prevented by
        -Relaxing
        -All answers are correct<\/p>\n\n\n\n

          \n
        • Never diving with a cold<\/li>\n\n\n\n
        • rotating the jaw, swallowing or Valsalva – Answer\u2705 -All answers are correct
          The first symptom of a sinus squeeze is usually:<\/li>\n\n\n\n
        • a dull pain deep within the head<\/li>\n\n\n\n
        • a sharp pain at the base of the neck<\/li>\n\n\n\n
        • a crushing pain high in the chest<\/li>\n\n\n\n
        • a sharp pain above the eyes – Answer\u2705 – a sharp pain above the eyes
          If you experience pain in the ear during descent:
          -Stop the descent and ascend till the pain stops<\/li>\n\n\n\n
        • abort the dive
          -place a finger in the ear canal and gently massage the ear until the pain ceases<\/li>\n\n\n\n
        • continue the descent while gently exhaling into the mask – Answer\u2705 – continue the descent
          while gently exhaling into the mask
          Body heat is lost at a rate of _<\/em> than air. – Answer\u2705 25-30 times faster
          Proper equalization techniques must be learned in order to:
          -prevent sinus squeeze
          -prevent ear pain
          -prevent squeeze injuries<\/li>\n\n\n\n
        • all answers are correct – Answer\u2705 – all answers are correct
          Salt water weighs _ pounds per cubic foot and freshwater weighs _<\/strong> pounds per cubic foot.<\/li>\n\n\n\n
        • Answer\u2705 64\/62.5
          Underwater, the bending of light rays causes objects to appear to be: – Answer\u2705 closer
          The purpose of equalization is to:
          -ensure the uneven application of pressure between the water and air spaces in the body
          -prevent water from entering air spaces in the body
          -introduce additional air into body air spaces in response to increasing external pressure
          -remove all fluids from body air spaces – Answer\u2705 -introduce additional air into body air
          spaces in response to increasing external pressure
          One atmosphere of pressure is defined as
          -1 ata
          -each 34ft of depth in freshwater
          -each 33ft of depth in saltwater<\/li>\n\n\n\n
        • <\/li>\n<\/ul>\n\n\n\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          HUD Certification Exam | 115 Questions andAnswers 2023 100% Correct (Verified Answers)Deed Restrictions – correct answer\u2714\u2714 Legally enforceable terms that govern the useof real estateRedlining – correct answer\u2714\u2714 The practice of refusing to make residential loans orimposing more onerous terms on any loans made because of the predominant race,color, national origin, religion, sex, disability, or […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-117496","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=117496"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=117496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=117496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=117496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}