1.A judicial foreclosure process benefits lenders more than a non-judicial foreclosure or power of sale because lenders have a strong incentive to avoid risks and high costs. True False 2.

1. A borrower purchased a home for $300,000 with a 5% down payment. Since the LTV is higher than 80%, mortgage insurance is required. The mortgage insurance covers the first 25% of the loan. How much will the mortgage insurance will cover?

   		Up to $65,000
   		Up to $75,000
   		Up to $71,250
   		Up to $57,000