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Question 1 of 9
1. Question
Why are lenders prohibited from asking questions about pregnancy or future childbearing, but allowed to ask about dependents and marital status?
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Question 2 of 9
2. Question
Which question is prohibited under the Fair Housing Act and the Americans with Disabilities Act?
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Question 3 of 9
3. Question
Why might a lender request a diploma or college transcript during underwriting?
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Question 4 of 9
4. Question
Which situation may trigger additional income documentation from a lender?
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Question 5 of 9
5. Question
Why do lenders require documentation and gift letters for funds used toward a down payment?
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Question 6 of 9
6. Question
Why is it important for lenders to review the credit report with the borrower?
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Question 7 of 9
7. Question
Why might a lender question a borrower about multiple recent credit inquiries?
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Question 8 of 9
8. Question
Which source is an acceptable gift donor for a conventional loan?
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Question 9 of 9
9. Question
For a conventional loan with a 95% loan-to-value ratio, which statement is correct?
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