7. Which of the following is not true about FHA insurance mortgages?

Select one:

A. Lender is insured completely against default losses.

B. Loan insurance is provided by FHA.

C. Lender is protected partially as PMI.

D. There are caps on maximum loan amounts.

6. Which of the following plays the most important role in determining your FICO score?

Select one:

A. How timely you have been with making payments.

B. What mix of credit types you have.

C. How much you owe compared to your total available credit.

D. How long credit history you have.

5. What is not the three Cs of mortgage underwriting?

Select one:

A. Credit reputation

B. Capacity

C. Collateral

D. Consumption