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AYPO Real Estate Finance Newest 2025 Actual Exam Complete Questions And Correct Answers(Verified Answers)|Already Graded A+
The special purpose investment vehicle called a REMIC stands for which of the following selections? - ANSWER-Real estate mortgage investment conduit
Freddie Mac was formed to - ANSWER-Provide competition for Fannie Mae
Currently, Fanny Mae's primary activity is to - ANSWER- Purchase conforming loans and bundle them
IPO's take place in the ______ market while MBS's sales generally occur in the ______ market - ANSWER-Primary, secondary
What historic US event led to the formation of the FHA and other organizations supporting the mortgage market? - ANSWER-Great Depression
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What do insurance companies have to do with the housing market? - ANSWER-They lend out their capital for mortgages through other outlets
Which is not generally true of commercial banks? - ANSWER- Their primary focus is on underwriting and the securities trade
Mortgages and mortgage back securities make up approximately what percent of the pension fund holdings? - ANSWER-3%
Life insurance companies currently are leaning more toward _____ mortgage loans - ANSWER-commercial
The differences between mortgage, bankers, and mortgage brokers are best described by which of the following? - ANSWER-The mortgage broker can work with multiple lenders and only get paid if the loan closes, while the mortgage bankers are salaried employees of the lender and work only with that lender
The types of loan that a commercial bank issues - ANSWER-to vary
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_____ is one of the more common non-banking activities undertaken by some banks - ANSWER-insurance
Which of the following is a common characteristic of Savings and Loan banks? - ANSWER-They are locally owned and privately managed
Which of the following statements is not true? - ANSWER-The promissory note is recorded with the county land records
Which of these is not a type of easement? - ANSWER-In trust
An easement appurtenant attaches to which of these? - ANSWER-A specific piece of land
What differentiates a deed of trust from a mortgage is best described by which of these? - ANSWER-A mortgage involves only the borrower and the lending institution, while a deed of trust includes a third-party trustee
Texas is which form of state in terms of real estate transactions?
- ANSWER-Lien theory state
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