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Author Question: Drew Canfield is a mortgage broker who specializes in subprime loans. If he places borrowers in ... (Read 108 times)

Sufayan.ah

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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.


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Melissahxx

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

B


Sufayan.ah

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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