Housing Finance 2

Question 1

mortgage process includes

Answer 1

1. Origination
2. Underwriting
3. Pricing
4. Servicing
   5.payment
5. Default
6. Forclosure

Question 2

What is underwriting

Answer 2

Review of a loan request in terms of risk and profitability with ratios like income to payment ratio, loan to value ration

Question 3

What is the loan to value

Answer 3

Number used to determine risk, and measures the loan amount to the value of an asset
- L. Tv should be less than 100% to allow owner to recoup value paste

Question 4

What is servicing

Answer 4

Collecting, processing ongoing payments, restructuring loans defaults and forclosure