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5.8 Flashcard Deck

Amanda Ukasick

Created on November 27, 2024

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What characteristic is protected under both FHA and ECOA?

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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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by falsifying apraisal information

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What does RESPA Section 8(a) prohibit?

Kickbacks for business referrals in settlement services.

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