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 92 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
YES! Correct, THANKS for helping me on my review

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

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
The places on Tom’s body where touches elicited sensations in his phantom hand. (Based on ... The places on Tom’s body where touches elicited sensations in his phantom hand. (Based on ...
How to calculate mortgage payments (Question 1 of 2) How to calculate mortgage payments (Question 1 of 2)
Flail Chest Occurs When Three or More Adjacent Ribs Fracture in Two or More Places Flail Chest Occurs When Three or More Adjacent Ribs Fracture in Two or More Places
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: Knee Animation

For a complete list of videos, visit our video library