The amount of the payment made in excess of the monthly mortgage payment is called a prepayment.
Correct Answer:
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Q16: _ calculate income ratios such as the
Q17: The _ of a mortgage loan indicates
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)
Q22: In regards the risks associated with mortgage
Q23: Pipeline risk refers to what we call
Q24: _ is the risk associated with a
Q25: The maximum loan size for one- to
Q26: To protect against price risk, the originator
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