21. The owners of a home located in Richmond, Virginia have defaulted on their loan. Their lender instructs the trustee named in the deed of trust to proceed with foreclosure proceedings. This is a a. judicial foreclosure. b. nonjudicial foreclosure. c. strict foreclosure. d. power of sale.

22. The Consumer Financial Protection Bureau (CFPB) has been actively involved in all of the following EXCEPT a. issuing new rules for mortgage servicers. b. establishing guidelines for the qualified residential mortgage (QRM). c. regulating Fannie Mae and Freddie Mac. d. integrating the RESPA and TILA disclosure forms.