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Question 1 of 13
1. Question
A manufactured housing unit with a single section (12′ wide, 40–64′ long) is called:
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Question 2 of 13
2. Question
A loan secured by residential real estate and made on an individual basis is a:
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Question 3 of 13
3. Question
A FNMA ARM program with both fixed and flexible features is a:
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Question 4 of 13
4. Question
The method used to determine the monthly payment to amortize a loan fully is:
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Question 5 of 13
5. Question
An agreement to purchase loans at a fixed price within a given period is a:
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Question 6 of 13
6. Question
An artificially created initial interest rate for an ARM is the:
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Question 7 of 13
7. Question
A documentation shortcut for no-cash-out refinances is:
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Question 8 of 13
8. Question
A development created by dividing land into individual lots is a:
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Question 9 of 13
9. Question
When a party agrees its claim is inferior to another, this is:
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Question 10 of 13
10. Question
Money given to lower the buyer’s housing costs is a:
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Question 11 of 13
11. Question
A legal action conducted quickly without full proceedings is:
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Question 12 of 13
12. Question
A measurement of land showing dimensions and improvements is a:
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Question 13 of 13
13. Question
A certified statement by a surveyor giving land facts and encroachments is a:
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