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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 | |||
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