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 76 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?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Cuy being raised at home in the traditional Andean fashion Cuy being raised at home in the traditional Andean fashion
Robert Mapplethorpe, Ajitto. Robert Mapplethorpe, Ajitto.
Robert Rauschenberg, Monogram. Robert Rauschenberg, Monogram.
Robert Mapplethorpe, Calla Lily. Robert Mapplethorpe, Calla Lily.
Biology Forums Home Page (Feb. 2022) Biology Forums Home Page (Feb. 2022)
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library