What is the name when the bank can not make the investor to repurchase a Loan?
I took the National Mortgage exam and this question came up, I only remember one of the anwers it was NO BID, can some one please help me with this since I have to take the exam again and have not been able to find the answer anywere.
I believe you are looking for the term “Non-recourse loan”.
http://en.wikipedia.org/wiki/Nonrecourse_debt
Loan Officer Test Exam – National SAFE Test Info! IMPORTANT!!!!!
|
|
Real Estate License Exams For Dummies $9.17 Every year, thousands of Americans make the leap to an exciting, rewarding new career in real estate. If real estate is your dream career, passing the real estate license exam is the first step to success. With real estate basics and unbeatable study tips, Real Estate License Exams For Dummies will help you pass the test with flying colors — and get your new career off to a great start.If you wa… |
|
|
The Loan Officer’s Practical Guide to Residential Finance – SAFE Act Version $53.79 This is the Updated 2012 Edition of the first book in the Practical Guide series for the mortgage industry. This version has been updated to meet the requirements of the SAFE Act, include many of the regulatory, business, and guideline changes that regularly occur. We have also made many of the changes recommended by Amazon readers and reviewers. With all of the changes in the industry, keeping th… |
|
|
National Residential Mortgage Loan Originator $64.67 No Synopsis Available |
Tags: national mortgage exam · national mortgage exam safe · national mortgage exam study guideNo Comments
0 responses so far ↓
Like gas stations in rural Texas after 10 pm, comments are closed.