Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
21) Which of the following is not a required part of a mortgage: a. Identity of mortgagor b. Identity of mortgagee c. Identity of Seller
| 21) Which of the following is not a required part of a mortgage: | ||||
| a. Identity of mortgagor | ||||
| b. Identity of mortgagee | ||||
| c. Identity of Seller | ||||
| d. Identity of Property | ||||
| e. None of the above | ||||
| 22) Which of the following is not a direct determinant of interest rates for single family residential mortgages? | ||||
| A. | The demand and supply of mortgage funds | |||
| B. | Inflation expectations | |||
| C. | Liquidity | |||
| D. | The demand and supply of apartments | |||
| 23) Which of the following closing costs do not increase the lender's effective loan yield? | ||||
| A. | Discount points | |||
| B. | Prepayment penalties | |||
| C. | Title insurance charges | |||
| D. | Origination fees | |||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial and Managerial Accounting Using Excel for Success
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
1st edition
978-1111993979
