CA Real Estate Finance Course » 2021 » Sec 2 Unit 3 Exam

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Question #1
Which of the following sources can provide real estate professionals with important market data?
A.   Banking, bond, and investment analysts
B.   History books
C.   Wikipedia
D.   Freddie Kruger
Question #2
As foreclosures increased in 2007, what was the response from lenders?
A.   Borrow money from the federal government
B.   Decrease lending activity
C.   Refinance mortgages for troubled homeowners
D.   Increase lending activity
Question #3
Which of the following is designed to make consumer financial products and services fair and transparent?
A.   American Recovery and Reinvestment Act of 2009 (ARRA)
B.   Home Affordable Refinance Program (HARP)
C.   Consumer Financial Protection Bureau
D.   Home Affordable Modification Program (HAMP)
Question #4
Which act, which was the first act passed to address the subprime mortgage crisis and was also known as “the stimulus package,” sought to create new jobs and save existing ones, spur economic activity and invest in long-term growth, and foster new accountability and transparency in government spending?
A.   Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)
B.   Home Affordable Refinance Program (HARP)
C.   Home Affordable Modification Program (HAMP)
D.   American Recovery and Reinvestment Act of 2009 (ARRA)

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