General Mortgage Knowledge

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Across
  1. 5. This is a government sponsored enterprise (GSE).
  2. 7. Reviews, analyzes, and approves or denies an application
  3. 8. The pooling and selling of mortgages are sold in the secondary market, for the rights of "" the loan:
  4. 9. A mortgage, like a dollar bill, can be considered a:
  5. 10. This the credit score provided by averaging the 3 credit report scores:
  6. 15. This protects the lender on a "Risky" mortgage loans:
  7. 17. The "" Processor: This employee doesn't need to be license, but collects and submits documents to the Underwriter:
  8. 19. RESPA's general focus is on?
  9. 20. Mortgage, A conventional loan is consider a "" mortgage.
Down
  1. 1. Another word for closing/funding
  2. 2. This act was created in 2008 to protect consumers:
  3. 3. An MLO, needs a score of at least "" percent or higher on the SAFE exam:
  4. 4. A loan that has a back end ratio of 43%?
  5. 6. A bridge loan would be considered a "" loan:
  6. 11. This is also known as a 1004:
  7. 12. PITI represents one of the I's
  8. 13. What does the P stand for in PITI?
  9. 14. Meets the loan limits of Fannie and Freddie Mae
  10. 16. How many days can you consider that a disclosure has been received?
  11. 18. This is also referred to a: