This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Robert is purchasing a home from Mrs. McFee. Mrs. McFee is financing the transaction herself and ... (Read 33 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Aug 3, 2018
Robert is purchasing a home from Mrs. McFee. Mrs. McFee is financing the transaction herself and providing the mortgage to Robert. What type of mortgage is characterized by the transaction?
 
  A. Reverse mortgage
   B. Assumed mortgage
   C. Purchase money mortgage
   D. Common law mortgage

Question 2

Federal law promotes accuracy, fairness and privacy of information in the files of consumer credit reporting agencies. The source of this law is:
 
  A. Equal Credit Reporting Act
   B. Fair Credit Reporting Act
   C. Truth in Lending Act
   D. Equal Credit Opportunity Act


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Aug 3, 2018
Answer to Question 1

C

Answer to Question 2

B


gbarreiro

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Aug 3, 2018
Both answers were spot on, thank you once again


bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Aug 3, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Cuy being raised at home in the traditional Andean fashion Cuy being raised at home in the traditional Andean fashion
Charles Robert Darwin (1809-1882). Charles Robert Darwin (1809-1882).
Robert Campin and workshop, The Annunciation (The Mérode Altarpiece). Robert Campin and workshop, The Annunciation (The Mérode Altarpiece).
Robert Delaunay, L'Équipe de Cardiff (The Cardiff Team). Robert Delaunay, L'Équipe de Cardiff (The Cardiff Team).
Who Makes The Decisions at Home? Who Makes The Decisions at Home?
Calculus homework take home Calculus homework take home
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library