Question: Please ANSWER ALL THREE QUESTIONS and only answer no need for explanation, thanks 1 - The Federal Reserve's duties do NOT include? A) regulating mortgage

Please ANSWER ALL THREE QUESTIONS and only answer no need for explanation, thanks

1 - The Federal Reserve's duties do NOT include?

A) regulating mortgage rates.

B) conducting the nation's monetary policy.

C) protecting the credit rights of consumers.

D) maintaining the stability of the financial system.

2 - The TILA-RESPA Integrated Disclosure (TRID) rule exempts which type of mortgage loan?

A) Construction loan

B) Reverse mortgage loan

C) Refinance loan

D) Vacant land loan

3 - Which amount is used to compute the state documentary stamp tax on the deed?

A) Total of all mortgages

B) Total purchase price

C) Total of all unrecorded mortgages

D) Balance of mortgage to be assumed

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