When a loan is originated the lender will make certain that the appraised value of the house is:
A) equal to the amount of the loan
B) greater than the amount of the loan
C) less than the amount of the loan
D) a or b
Correct Answer:
Verified
Q1: 12-19.The theories that explain default risk include:
A)
Q2: For 95% loan-to-value loans FNMA requires that,as
Q4: Default occurs when the borrower fails to:
A)
Q5: 12-17.If the value of the property is
Q6: A homeowner with negative equity in his
Q7: A lengthy foreclosure process can lead a
Q8: 12-16.A borrower is considered self employed if
Q9: 12-12.An appraiser will not generally deal with:
A)
Q10: 12-10.The following lien takes first place on
Q11: 12-13.The provisions of a deed of trust
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