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© Cengage Learning 1 Chapter 1 History of Mortgage Lending OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Distinguish between title theory and lien theory.  Describe the mortgage lending activities of the […]

© Cengage Learning 1 CHAPTER 10 HOME EQUITY LENDING OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Discuss the importance of this type of loan to the homeowner and to mortgage lenders.  […]

© Cengage Learning 1 CHAPTER 11 COMPLIANCE OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  List the major rules and regulations impacting mortgage lending  Discuss the nine prohibited bases of ECOA and […]

© Cengage Learning 1 CHAPTER 12 RESIDENTIAL MORTGAGE LOAN ORIGINATION AND PROCESSING OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Discuss the importance of the initial interview  Describe the type of information […]

© Cengage Learning 1 CHAPTER 13 UNDERWRITING THE RESIDENTIAL MORTGAGE LOAN OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  State the purpose of underwriting guidelines  Explain why the initial interview is so […]

© Cengage Learning 1 CHAPTER 14 RESIDENTIAL REAL ESTATE APPRAISAL OBJECTIVES OF CHAPTER Upon successful completion of this chapter student should be able to:  Define residential appraisal  List six reasons for appraising real estate  Define market value […]

© Cengage Learning 1 CHAPTER 15 CLOSING AND DELIVERY; QUALITY CONTROL AND FRAUD OBJECTIVE OF CHAPTER  Describe the different steps and responsibilities involved in a mortgage loan closing  Understand the different closing fees and settlement services involved  […]

© Cengage Learning 1 CHAPTER 16 MORTGAGE LOAN SERVICING AND ADMINISTRATION OBJECTIVES OF CHAPTER  Explain why loan administration is so important to residential mortgage lenders  Describe the responsibilities of a loan servicer  List the various functions performed […]

© Cengage Learning 1 CHAPTER 17 SELLING RESIDENTIAL MORTGAGE LOANS OBJECTIVES OF CHAPTER Upon successful completion of this chapter, the students should be able to:  Discuss the various methods for selling mortgage production and loans in portfolio  Explain […]

© Cengage Learning 1 CHAPTER 18 STRATEGIES FOR GENERATING RESIDENTIAL LOANS OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to;  Identify those attributes which attract customers to mortgage lenders  Identify the requirements for […]

© Cengage Learning 1 CHAPTER 2 REAL ESTATE LAW and SECURITY INSTRUMENTS OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Define real property, personal property and fixture.  Distinguish between freehold and leasehold […]

© Cengage Learning 1 CHAPTER 3 ROLE OF RESIDENTIAL MORTGAGE LENDING IN THE ECONOMY OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Explain how changes in the business cycle affect real estate sales […]

© Cengage Learning 1 CHAPTER 4 THE MORTGAGE LENDERS OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Explain which mortgage lenders are most important in residential mortgage lending as originators and which are […]

© Cengage Learning 1 CHAPTER 5 SECONDARY MORTGAGE MARKET OBJECTIVES OF CHAPTER: Upon successful completion of this chapter, students should be able to:  Distinguish between the primary and secondary mortgage market.  Describe the economic functions of the secondary […]

© Cengage Learning 1 CHAPTER 6 Conventional Lending OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Discuss how the standard fixed-rate mortgage developed and why it was an important tool for reviving real […]

© Cengage Learning 1 CHAPTER 7 PRIVATE MORTGAGE INSURANCE OBJECTIVES OF CHAPTER Upon successful completion of this chapter, the students should be able to:  Identify factors contributing to the failure of mortgage guarantee companies in the 1930s.  Discuss […]

© Cengage Learning 1 CHAPTER 8 GOVERNMENT LENDING OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  State the major functions of Federal Government mortgage insurance and guarantee programs  Explain how the FHA […]

© Cengage Learning 1 CHAPTER 9 CONSTRUCTION LENDING OBJECTIVES OF CHAPTER Upon successful completion of this chapter, students should be able to:  Understand the importance of housing starts and construction lending to the entire economy.  Explain which lenders […]

1 Practice Exam for Residential Mortgage Lending Principles and Practices, 6e 1. The history of mortgage lending can be dated as far back to a. The Greeks b. England c. California gold Rush d. French Middle Ages 2- In American, […]