menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Real Estate Finance
  4. Exam
    Exam 12: Controlling Default Risk Through Borrower Qualification Loan Underwriting and Contractual Relationships
  5. Question
    For 95% Loan-To-Value Loans FNMA Requires That,as a Percent of Gross
Solved

For 95% Loan-To-Value Loans FNMA Requires That,as a Percent of Gross

Question 18

Question 18

Multiple Choice

For 95% loan-to-value loans FNMA requires that,as a percent of gross income,the payment not exceed:


A) 10%
B) 15%
C) 25%
D) 18%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: 12-25.The following are NOT of prime importance

Q14: 12-36.Which term indicates that in the event

Q15: 12-29."Significant compensating factors," after dual qualifying ratios

Q16: 12-34.The number of states that require that

Q17: 12-33.Which type of note limits the lender's

Q19: 12-19.The theories that explain default risk include:<br>A)

Q20: 12-31.A Federal agency that requires a 10

Q21: 12-21.A study conducted by George Von Furstenberg

Q22: A promissory note is:<br>A) a recourse note<br>B)

Q23: 12-10.The following lien takes first place on

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines