Question: Describe a conforming loan?

Describe a conforming loan?

Step by Step Solution

★★★★★

3.52 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A conforming loan is a loan that ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

1524_605d88e183588_675798.pdf

180 KBs PDF File

Word file Icon

1524_605d88e183588_675798.docx

120 KBs Word File

Students Have Also Explored These Related Real Estate Principles Questions!

Q:

(a) What is meant by conforming limits? (b) What is a jumbo loan?

Q:

Explain how the goal post view of conforming to specifications differs from Taguchis loss function. Would you rather buy an automobile where suppliers used the goal post or Taguchi models? Why?

Q:

Why might an investment conforming to the Exempt Model have a lower BTROR than would an equivalent-risk investment conforming to the Current Model?

Q:

1004 Project Questions Questions and Calculations 1. What is the 30 year fixed "purchase money" market Interest rate at your bank? 2. What is the "APR" for #1? (you do not have to calculate this, it...

Q:

Property Value Loan #1: LTV Ratio Interest Rate Term Balloon Payment Monthly Payment 1st Interest Payment 1st Principal Payment 2nd Month Loan Balance Conforming Loan? (Y/N) Loan #2: Original Loan...

Q:

Pricing, Valuation and Hedging Analysis of Fixed Rate Mortgages, (1) Introduction A year ago, Pyramid Mortgage Finance Company (PMFC) originated four balloon mortgages, each having a face value of...

Q:

Choose the best answer (True or False) for each of the following questions. 1. Homeowners often repay all or part of their mortgage balance prior to the scheduled maturity date. The amount of the...

Q:

Question 15 (1 point) One of the most popular amortizing mortgages today is the constant payment mortgage. Which of the following characterizes the components of the CPM payment over the life of the...

Q:

Please answer real estate law questions; 1. Real estate brokers are hired through written contracts known as _____________________. 2. Briefly explain the difference between express and implied...

Q:

A mortgage (loan for buying a house) is an ordinary annuity. With a standard 30-year fixed rate loan, the money is borrowed today and paid back monthly for 30 years in a constant amount. In Yolo...

Q:

In the same survey as that discussed in Exercise 27, GfK Roper Consulting also asked How important is having control over people and resources to you? The percent who responded that it was of more...

Q:

Let U and V be vector spaces over a field F, and assume that U is non-trivial (i.e. has at least one non-zero vector) and finite- dimensional. Let {,...,} be a linearly independent set in U, and let...

Q:

Make sure to write the formula in each box Fill in the blanks in the following separate income statements a through e . \ table [ [ , a , b , c , d , e ] , [ Sales , $ 6 5 , 0 0 0 , $ 4 5 , 9 0 0 , $...

Q:

In Example 13.5.3, for testing 0 versus > 0, find the optimal limiting power of the LAUMP against alternatives hn1/2. Compare with the case where the means and variances are known. Generalize to...

Q:

When would the cost of credit life insurance be included in the finance charge of an APR calculations for the truth-in-lending disclosures?

Q:

When would the cost of credit life insurance be included in the finance charge of an APR calculations for the truth-in-lending disclosures?

Q:

What are CAM charges?

Q:

File Processing Complete the class code below and write a static method named reverseLines that accepts a Scanner containing an input file as a parameter and that echoes the input file to System.out...

Q:

The treasurer of a large corporation wants to invest $33 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 4.21...

Q:

Setrakian Industries needs to raise $67.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.74 percent paid semiannually and that mature in 15 years. The bonds...