RE-121 Chapter Nine Crossword Puzzle.pdf

RE-121 Chapter Nine Crossword Puzzle Principles of Real Estate Financing 1 2 3 4 5 6 7 9 8 10 11 12 13 ACROSS DOWN 1 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. 9 Underwriting ______...

RE-121 Chapter Nine Crossword Puzzle Principles of Real Estate Financing 1 2 3 4 5 6 7 9 8 10 11 12 13 ACROSS DOWN 1 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. 9 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. 10 An ______ statement refers to a signed certification by the owner of property, against property, setting forth the present status of liens against said property. 11 The amount of a charge or payment expressed as a percentage of some other amount, or as a basis of calculation (i.e. 4%). 13 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. 2 The transfer of a title to the borrower after a loan has been fully paid. 3 This policy refers to the way in which the federal government manages its money (i.e. taxing & spending). 4 This occurs when an individual or business revises the interest rate, payment schedule, and terms of a previous credit agreement. 5 The finance market in which individuals obtain loans from banks, savings & loans, and other lenders. 6 the illegal action or practice of lending money at unreasonably high rates of interest. 7 A legal document that serves as an IOU from a borrower to a creditor or to an investor. 8 Abbreviation for Home Equity Line of Credit. 12 An interim loan given to finance the difference between the floor loan and the maximum permanent loan as committed. AKA bridge or swing loan. WORD BANK: Fiscal, forbearance, gap, heloc, note, offset, pledge, primary, rate, reconveyance, refinance, standards, usury.