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.   Freddie Kruger
B.   History books
C.   Wikipedia
D.   Banking, bond, and investment analysts
Question #2
As foreclosures increased in 2007, what was the response from lenders?
A.   Increase lending activity
B.   Refinance mortgages for troubled homeowners
C.   Borrow money from the federal government
D.   Decrease lending activity
Question #3
Which of the following is designed to make consumer financial products and services fair and transparent?
A.   Home Affordable Refinance Program (HARP)
B.   American Recovery and Reinvestment Act of 2009 (ARRA)
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.   American Recovery and Reinvestment Act of 2009 (ARRA)
B.   Home Affordable Refinance Program (HARP)
C.   Home Affordable Modification Program (HAMP)
D.   Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)

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