The ________ of a mortgage loan indicates the loan's seniority in the event of the forced liquidation of the property due to default by the obligor.
A) lien status
B) interest rate type
C) loan balances
D) credit classification
Correct Answer:
Verified
Q12: The original mortgage balance (MB₀) is $250,000;
Q13: The _ is the primary attribute used
Q14: Which of the below statements is FALSE?
A)
Q15: A mortgage _.
A) is a collection of
Q16: _ calculate income ratios such as the
Q18: Mortgage originators may generate income from mortgage
Q19: The LTV has proven to be a
Q20: Which of the below statements is FALSE?
A)
Q21: The amount of the payment made in
Q22: In regards the risks associated with mortgage
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