This class was created by Brainscape user Jaspal Sandhu. Visit their profile to learn more about the creator.

Decks in this class (34)

Real Estate Vocabulary
What is acceleration clause,
Active contingent,
Active under contract
93  cards
Chap 2: Home Equity Conversion Mortgage HECM
What is hecm,
Cap on hecm,
Hecm is similar to helow
8  cards
Chap 3 SAFE ACT
What is safe act,
License,
Do you need unique identifier
4  cards
Chap 7 Dodd Frank ACT
When dfa,
What is dfa,
Components of dodd frank act
13  cards
Chap 8 SAFE Act
Safe,
Safe act features,
Goal of safe act
5  cards
Chapter 9: Consumer Financial Protection Bureau
Cfpb
1  cards
Chapter 10 HUD
Hud,
Who runs hud,
Fha
20  cards
Chap 11: FHA
Fha,
Understanding fha,
Suspecting discrimination
3  cards
Chap 12: The Real Estate Settlement Procedure Act (RESPA)
Respa,
Respa 2,
Respa requirements
9  cards
Chap 13 The Equal Credit Opportunity Act
Ecoa,
Ecoa covers many types of credits...,
Special considerations
11  cards
chap 14: Additional Important Laws
The gramm leach bliliey act,
National housing act of 1934,
American recovery and reinvestmen...
3  cards
Chap 15 The Mortgage 1003 Mortgage Application Form
1003 mortgage application form,
1003 questions,
Who developed 1003
5  cards
Chap 16: Seller Financing
Seller financing,
How does seller financing work,
Negatives of seller financing
3  cards
Chap 17: Real Estate Closing
Consult real estate lawyer,
Escrow account,
Learn to negotiate
10  cards
Chapter 18: Home Appraisal
0  cards
Section 4 Lesson 6 Introduction to Gramm-Leach-Bliley
Glba,
Ftc,
Glba
25  cards
Section 4 Unit 2 Introduction to RESPA
Real estate settlement procedures...,
Respa insures,
Respa loan disclosures
23  cards
Section 4 Unit 2 Lesson 4 Right of Rescission
Right of rescision,
When rights of rescission apply,
Mlo compensation
6  cards
Section 4 Unit 3 The Tila-RESPA Integrated Rule (TRID)
Introduction to trid,
Trid is also referred as,
Trid includes
12  cards
Section 4 Unit 5 Federal Mortgage Related Laws and Regulations
Hmda,
More on hmda,
Exclusions
15  cards
Section 4 Unit 5 Lesson 3 Introduction to HOEPA
Hoepa,
Hoepa coverage,
What are the loans exempt from hoepa
4  cards
Section 4 Unit 5 Lesson 4 Introduction to Patriot Act
Patriot act requirements,
Anti money laundering programs,
What is cip
10  cards
Section 4 Unit 4 Federal Mortgage Laws and Regulations
Ecoa,
Who enforces the ecoa,
Prohibited practices based on ecoa
8  cards
Section 5 Conventional Conforming Mortgage Loans
Conventional mortgage loans,
Conventional vs conforming loans,
Conventional loans and ltv
80  cards
Section 6 Unit 1
The loan inquiry process,
Regulation z truth in lending tila,
3 categories of tolerance
6  cards
Section 7: Borrower Analysis: Assets
Housing ratio front end ratio,
Total debt income ratio back end ...,
Maximum housing payment to meet h...
13  cards
Section 8 Unit 1 Introduction to Mortgage Math
Annual interest amount,
Converting percentages into decimals,
Convert decimals into percentages
4  cards
Section 8 Unit 2
Down payment,
Sales price,
Interest only payment
15  cards
Section 8 Unit 3 Calculating Closing Costs
Monthly income based on hourly wages,
Bi weekly salary,
Semi monthly salary
17  cards
Section 9 Unit Closing Costs
Marketing title,
Title commitment,
The commitment notes the conditio...
22  cards
Welcome to Section 9, Unit 2: The Closing Agent and Process
Qualify as closing agent,
Settlement agent,
Permitted fees
27  cards
Section 9: Loan Closing Unit 3
Prepaid examples,
Depending on the seller buyer agr...,
Math of prorating
18  cards
Section 10: Unit 1
Violations of the gramm leach bli...,
Violations of the glba,
Kickbacks
61  cards
Practice Test
Respa,
How many months does a fico score...
20  cards

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