Podcast
Questions and Answers
A temporary postponement of mortgage payments. It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into ______.
A temporary postponement of mortgage payments. It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into ______.
foreclosure
Underwriting _________: guidelines by which a loan is analyzed to ensure that it meets credit standards and that the terms and conditions of a loan are appropriate to its risk and maturity.
Underwriting _________: guidelines by which a loan is analyzed to ensure that it meets credit standards and that the terms and conditions of a loan are appropriate to its risk and maturity.
standards
An ______ statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property.
An ______ statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property.
ownership
The amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation (i.e. 4%).
The amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation (i.e. 4%).
Signup and view all the answers
A bailment that conveys possessory title to property owned by a debtor to a creditor to secure repayment for some debt or obligation and to the mutual benefit of both parties.
A bailment that conveys possessory title to property owned by a debtor to a creditor to secure repayment for some debt or obligation and to the mutual benefit of both parties.
Signup and view all the answers
The transfer of a title to the borrower after a loan has been fully paid.
The transfer of a title to the borrower after a loan has been fully paid.
Signup and view all the answers
A ______ postponement of mortgage payments. It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure.
A ______ postponement of mortgage payments. It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure.
Signup and view all the answers
Underwriting ________: guidelines by which a loan is analyzed to ensure that it meets credit standards and that the terms and conditions of a loan are appropriate to its risk and maturity.
Underwriting ________: guidelines by which a loan is analyzed to ensure that it meets credit standards and that the terms and conditions of a loan are appropriate to its risk and maturity.
Signup and view all the answers
An ______ statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property.
An ______ statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property.
Signup and view all the answers
The amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation (i.e. 4%).
The amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation (i.e. 4%).
Signup and view all the answers
A bailment that conveys possessory title to property owned by a debtor to a creditor to secure repayment for some debt or obligation and to the mutual benefit of both parties.
A bailment that conveys possessory title to property owned by a debtor to a creditor to secure repayment for some debt or obligation and to the mutual benefit of both parties.
Signup and view all the answers
The transfer of a title to the borrower after a loan has been fully paid.
The transfer of a title to the borrower after a loan has been fully paid.
Signup and view all the answers
A ______ postponement of mortgage payments. It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure.
A ______ postponement of mortgage payments. It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure.
Signup and view all the answers
The transfer of a title to the borrower after a loan has been fully paid is known as ______.
The transfer of a title to the borrower after a loan has been fully paid is known as ______.
Signup and view all the answers
Underwriting guidelines by which a loan is analyzed to ensure that it meets credit standards and that the terms and conditions of a loan are appropriate to its risk and maturity is called ______ underwriting.
Underwriting guidelines by which a loan is analyzed to ensure that it meets credit standards and that the terms and conditions of a loan are appropriate to its risk and maturity is called ______ underwriting.
Signup and view all the answers
An ______ statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property.
An ______ statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property.
Signup and view all the answers
The amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation (i.e. 4%) is called ______.
The amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation (i.e. 4%) is called ______.
Signup and view all the answers
A bailment that conveys possessory title to property owned by a debtor to a creditor to secure repayment for some debt or obligation and to the mutual benefit of both parties is known as a ______ bailment.
A bailment that conveys possessory title to property owned by a debtor to a creditor to secure repayment for some debt or obligation and to the mutual benefit of both parties is known as a ______ bailment.
Signup and view all the answers
Study Notes
Mortgage Payments and Relief
- A temporary postponement of mortgage payments is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure.
Underwriting Guidelines
- Underwriting guidelines are used to analyze a loan to ensure it meets credit standards and that the terms and conditions are appropriate to its risk and maturity.
Statement of Liens
- A statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property.
Percentage Rate
- The amount of a charge or payment is expressed as a percentage of some other amount, or as a basis of calculation (e.g. 4%).
Bailment
- A bailment conveys possessory title to property owned by a debtor to a creditor to secure repayment for some debt or obligation and to the mutual benefit of both parties.
Transfer of Title
- The transfer of a title to the borrower occurs after a loan has been fully paid.
Monetary Policy
- This policy refers to the way in which the federal government manages its money.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Test your understanding of real estate financing principles with this crossword puzzle from Chapter Nine of RE-121. Fill in the blanks to reveal key terms and concepts related to mortgage payments, underwriting guidelines, and financial statements.
