1. a person who owns property and conveys title to another is a

a. mortgagor b. grantor c.mortgagee d. grantee

2. the due diligence process

a. Uncovers all of the potential risks of an investment

b. Underwrites a projects future cash flows with a high degree of certainty

c. is necessary only within an investment posses a high degree of risk

d. is an imperfect process to determine whether the potential returns from an investment are sufficient given the potential risk

3.one of the most popular amortizing mortgages is the constant payment mortgage(CPM). Which of the following characterizes the components of the CPM payment over the life of the loan?

Amotization payment interest

a. increasing decreasing constant

b. constant Increasing decreasing

c. Increasing constant decreasing

d. decreasing constant increasing