11. The one promising to pay the money in a promissory note is known as the O (a) holder. O (b) holder in due course. O (c) maker. O (d) payee. 12. Broad forces influencing housing cycles are O (a) environment, asbestos, lead paint, and radon gas. (b) Federal Reserve, Treasury, President, and Congress. O (c) physical, economic, governmental, and social. (d) reserve requirements, discount rates, open market operations, and moral suasion. 13. The interest rates charged for FHA and VA loans are established by O (a) the FHA and/or VA. O (b) Ginnie Mae. O (c) HUD O (d) the market. 14. Which is NOT included in a borrower's income analysis? O (a) pensions, interest, and dividends (b) regular earnings and overtime O (c) revealed alimony and child support O sporadic overtime and commissions 15. The law that prohibits discrimination in the lending process is O (a) the Civil Rights Act of 1866. O (b) the ECOA. O (c) the Ohio Civil Rights Law. O (d) Title VIII. 16. Funds for making FHA loans are provided by O (a) any government agency. O (b) the Federal Reserve. O (c) the FHA. O (d) qualified lending institutions. 17. Regulation Z applies to O (a) any real estate purchase transactions. O (b) business loans with collateral. O (c) commercial real estate loans only. (d) real estate credit transactions for personal use. 18. Gloria qualifies for an FHA loan. She should make her loan application O (a) at the Cleveland regional FHA office. O (b) on a form that's available from any real estate broker. O (c) through any FHA-approved lender. (d) with the State of Ohio Division of Real Estate. 19. When qualifying for a residential mortgage loan, an applicant's liabilities are most likely to be calculated as O (a) minimum monthly payment amounts. O (b) a percentage of cash required. O (c) a percentage of the property value. O (d) a ratio against total assets. 20. An adjustable rate mortgage where the loan balance increases is experiencing O (a) defeasance. O (b) disintermediation. O (c) negative amortization. O (d) reconveyance