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

Author Question: Drew Canfield is a mortgage broker who specializes in subprime loans. If he places borrowers in ... (Read 132 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 24, 2018
Drew Canfield is a mortgage broker who specializes in subprime loans. If he places borrowers in negative amortization loans, he earns a higher rebate. These loans also carry a higher interest rate for the borrowers. Drew tries to steer borrowers into these loans.
 A)Drew has violated RESPA with his actions.
 B)Drew is collecting a YSP, now prohibited under RESPA.
 C)Drew can direct borrowers into higher-rate loans as long as the GFE discloses the rates.
 D)Drew cannot accept such a kickback from the lender.

Question 2

LEED Certification:
 A) Is an environmental certification for light environmental and ecological drilling.
 B) Is an environmental certification for building design.
 C) Applies only in Europe.
 D) Is available for wind and geothermal projects.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

B


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 24, 2018
Wow, this really help

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Some mangrove islands in the Florida Keys, which number in the thousands, are convenient places to t Some mangrove islands in the Florida Keys, which number in the thousands, are convenient places to t
Some Places Are Windier Than Others Some Places Are Windier Than Others
Many former slaves understood that illiteracy was an implement of bondage. The Freedmen’s Bureau bui Many former slaves understood that illiteracy was an implement of bondage. The Freedmen’s Bureau bui
For a time Dr. Seuss—Theodor Seuss Geisel—drew political cartoons. This one, published in ... For a time Dr. Seuss—Theodor Seuss Geisel—drew political cartoons. This one, published in ...
Locate the following places by reference number on the map:Key Locales of Political, Economic, ... Locate the following places by reference number on the map:Key Locales of Political, Economic, ...
A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ... A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ...
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library