General Mortgage Knowledge

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