Which of the following is a borrower's right provided by the Mortgage Bankers Association that is NOT provided by HUD? ght to timely and truthful disclosures regarding the rates and costs of the loan ght to clear and forthright explanations of the terms and conditions of a loan ght to have a lender consider a borrower's ability to repay the loan before such credit is extended ght to accurate disclosure of the final annual percentage rate and the amount of regular payments at the time of loan osing/settlement

Which of the following is a borrower's right provided by the Mortgage Bankers Association that is NOT provided by HUD? ght to timely and truthful disclosures regarding the rates and costs of the loan ght to clear and forthright explanations of the terms and conditions of a loan ght to have a lender consider a borrower's ability to repay the loan before such credit is extended ght to accurate disclosure of the final annual percentage rate and the amount of regular payments at the time of loan osing/settlement

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What is the formula used to determine the amount repayable to the lender under the Cash Back Option if the borrower decides to refinance their mortgage during the term? Select one: a. (Number of full or partial months remaining in the term / Original Mortgage amount) x (Cashback % / Number of months in the term) b. ((Cashback % x Original Mortgage amount x Number of full or partial months remaining in the term) / Number of months in the term) c. (Original Mortgage amount/Cashback % x Number of full or partial months remaining in the term)/ Number of months in the term d. (Number of full or partial months remaining in the term x Number of months in the term) / (Cashback % x Original Mortgage amount)
41. The most common way to perfect a security interest is by: Group of answer choices -filing a notice of lien in the appropriate legal publication -filing a financing statement at the appropriate governmental office -retaining possession of the collateral by the creditor -filing suit to obtain a money judgment
which of the followings is considered as long term liability :Select one .a mortgage payable .b current portion of long term liability .C bank overdraft .d unearned revenues
117 According to the TILA-RESPA Integrated Disclosure rule (TRID), which of the following fees may be collected prior to a loan estimate being issued A) Application fee B) Appraisal fee C) Credit report fee D) Origination fee
11. Which is an incorrect scenario on covenants?a. The issuing firms pursued revenue generating projects to ensure payment of the interest and theprincipal on a timely basis.b. The issuing firm disposes a mortgage on a bond to settle other creditors’ claims to preventinsolvency.c. The issuing firm submitted periodic reports to the trustee bank to fulfill the loan agreement.d. The issuing firm disposed the collateral to settle the agreement with the bondholders.e. B & Df. All of the aboveg. None of the above 12. Statement 1: Bond issuers can take additional loans against the properties that were considered ascollaterals for the bonds.Statement 2: Bond issuers can impose the taxes paid for registering the bonds against on the interestand principal claims of the bondholders.Statement 3: Bond issuers can prioritize other claims of other creditors over the bondholders in casesof bankruptcy. Statement 4: Bond issuers can pay dividends of shareholders even though the bondholders were…
Which of the following is an arrangement by which one party promises to pay a sum of money to policyholder as protection against an adverse or unfavorable occurrence of event? a. Short Term Loans b. Fixed Deposit c. Insurance d. Investment
Which of the following shall an entity disclose for loans payable recognized at the end of the reporting period? * Select all that applies. Details of any defaults during the period of principal, interest, sinking fund, or redemption terms of those loans payable Whether the terms of the loans payable were renegotiated, before the financial statements were authorised for issue The fair value of the loans payable in default at the end of the reporting period
When an entity breaches a covenant under a long-term loan agreement on or before the end of the reporting periodwith the effect that the liability becomes payable on demand, the liability is classified as noncurrent whenI. The lender has agreed after the end if the reporting period and before the financial statements areauthorized for issue not to demand payment as a consequence of the breach.II. The lender has agreed on or before the end of the reporting period to provide a grace period ending atleast twelve months after that date. a. Both I and IIb. Neither I and IIc. I onlyd. II only
When would the cost of credit life insurance be included in the finance charge and APR calculations for federal truth-in-lending disclosures?
25. What is the remedy available to vendor or lessor when the vendee or lessee fails to pay a single instalment or single periodic rental in an instalment sale or finance lease of personal property assuming a chattel mortgaged is constituted on the personal property sold or leased? Group of answer choices a. Exact fulfilment of the obligation with right to recovery for deficiency b. Cancel the instalment sale or finance lease resulting to mutual restitution c. Foreclose the chattel mortgage on the personal property sold or leased d. Any of the above
Which of the following is not an example of commercial mortgage covenant: If the borrower sells a large portion of its assets, it must notify the lender tens day before the sale. A restriction on the amount of dividends the firm can pay its shareholders The borrower must file periodic GAAP reports with the lenders demonstrating compliance with the loan agreement. The borrower must notify the lender if it becomes involved in a lawsuit.
Which of the following loan commitments are within the scope of IPFRS 9? * Loan commitments that the entity designates as financial liabilities at fair value through profit or loss Loan commitments that can be settled net in cash or by delivering or issuing another financial instrument Commitments to provide a loan at a below-market interest rate

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