5.8 Flashcard Deck
Amanda Ukasick
Created on November 27, 2024
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Transcript
What characteristic is protected under both FHA and ECOA?
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The correct answer is...
race.
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What is the main purpose of FHA mortgage insurance?
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To protect lenders from losses due to borrower defaults.
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In illegal property flipping, how is the property's value usually changed?
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The correct answer is...
by falsifying apraisal information
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What does RESPA Section 8(a) prohibit?
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The correct answer is...
Kickbacks for business referrals in settlement services.