This topic contains a solution. Click here to go to the answer

Author Question: Drew Canfield is a mortgage broker who specializes in subprime loans. If he places borrowers in ... (Read 91 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
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
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


alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

For a complete list of videos, visit our video library