legalissues-wichitastateuniversity法律问题-威奇托州立大学

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1、RE611/Fin611–RealEstateFinanceLegalConsiderations&MortgageMarketsOverviewSampleQuizQuestionsDr.StanleyD.Longhofer______1.TrueorFalse:Technicallyspeakinga“mortgage”isnotaloan,butratherthepledgeofrealpropertyascollateralforaloan.______2.TrueorFalse:Financi

2、alintermediariesaremiddlementhatgenerallyreducethecostoftransferringfundsbetweensaversandinvestors.______3.TrueorFalse:Zachrecentlypurchasedaproperty“subjectto”anexistingmortgage.Asaresult,heisnowpersonallyliableforrepayingtheloan.______4.The“tilteffect”

3、referstowhichofthefollowingissues?A.Theimpactofexpectedinflationonthevalueofthemonthlypaymentsonfixedratemortgages.B.Theimpactofunexpectedinflationonthevalueofthemonthlypaymentsonfixedratemortgages.C.Theimpactofcapsandfloorsonadjustableratemortgages.D.Th

4、eimpactofpaymentcapsonadjustableratemortgages.E.Noneoftheabove.______5.Whichofthefollowingareproblemswithdirectinvestmentasameansoftransferringcapitalfromsavers(thosewithexcessfunds)toinvestors(thosewhoneedfunds)?Morethanoneanswermaybecorrect;writedownth

5、eletterofallcorrectanswers.A.Itcanbehardforsaversandinvestorstofindoneanother.B.Itcanbecostlyforsaverstodeterminetheriskinessoftheproposedinvestment.C.Thefeeschargedbythemiddlemancanbeverycostly.D.Manydifferentsaversmayneedtobebroughttogethertofundalarge

6、investmentopportunity.E.Therateofreturnrequiredbysaversmaybetoolowforinvestorstopay.______6.__________donotgenerallyfundmortgageloans.Insteadtheymatchupborrowersandlenders.A.FannieMaeandFreddieMacB.MortgagebrokersC.MortgagebanksD.CommercialbanksE.Insuran

7、cecompanies3______1.TrueorFalse:Financialintermediariesaremiddlementhatincreasethecostoftransferringfundsbetweensaversandinvestors.______2.Whatistheprimarydifferencebetweenamortgagebankandamortgagebroker?A.Mortgagebanksfundloansusingdeposits,whereasmortg

8、agebrokersfundloansusingwarehouseloans.B.Mortgagebanksholdtheloanstheyoriginateintheirportfolios,whilemortgagebrokersselltheloansonthesecondarymarket.C.Mortgagebanksfundnewloans,whereasmortgagebrokerssimplymatchupborrowers