Lesson 12, Chapter 11 part 1

Real estate cycles follow which law?

The amount of money banks are required to keep on deposit in order to meet requests for withdrawals is known as what?

Your local bank is apart of what market?

When a lender sells your loan, they are most likely selling it on which market?

Ginnie Mae is which of the following?

A document in which a borrower agrees to repay the amount borrowed, plus a specified amount of interest, is known as what?

A contract that makes a borrower’s property collateral for a loan is known as what?

How many parties are there in a deed of trust?

The borrower promises to keep the property insured against damage or destruction. This is a description of which covenant in a security instrument?

This clause permits the lender to accelerate the loan if borrower sells the property or transfers it to someone else.