Real Estate Finance Flashcards

Real Estate Finance Flashcards The Nation's fiscal manager isThe US Treasury A buyer makes a small down payment and borrows the balance. This is called using Leverage The disclosure of all elements of financing in advertising is required under Regulation Z of TILA (Truth In Lending Act) The most significant short term goal of the Fed isCombat inflationary or deflationary pressures According to US Census Bureau, the largest percentage of households today are Married When the Fed recommends an increase in interest ratesLess money will flow into the economy / Decrease Neighborhood Stabilization Program provides grants forPurchase and redevelopment of foreclosed properties Which of the following statements regarding Fannie Mae guidelines is TRUE Loans with a higher than 80% LTV require Private Mortgage Insurance (PMI) The best description of a nonconforming loan is Does not meet Fannie Mae or Freddie Mac qualifying guidelines The FDIC insures accounts up to $250,000.00 deposited inBoth commercial banks and thrifts A married couple applied for a Loan. The loan officer inquired about the wife's ability to have more children. This is a violation of which Federal Act?ECOA (Equal Opportunity Credit Act) The ability to exchange symbolic paper money for commodities in the United States is base on Confidence The main source of capital for loan funds needed by a commercial bank are Checking accounts A county is issuing bonds for sale to fund a new school The bonds are termed Municipal bonds Farm Credit System may provide credit for farmers and ranchers for all EXCEPT Purchase a home in an urban area Which is true regarding the value of the bond? Value fluctuates with the money market Which activity would MOST affect property values in a Midwestern city?Closing of the city's largest factory A mortgage broker may do all EXCEPTService the loan The borrower retains possession of property while lender has security interest is Hypothecation The Community Reinvestment Act requires a lender toOffer credit to all qualified members of the community served Joe the Builder wishes to obtain financing for 4 houses.The best sources would be Commercial bank An individual has invested in a real estate trust which will provide income from rent or sale of properties invested in.Real Estate Mortgage Trust (REMT) A financial institution experiencing disintermediation is best described as More funds being withdrawn than deposited