Category: Real Estate
1. Real Estate Finance, Edition 9, Chapter 9 Quiz – Quizlet
Start studying Real Estate Finance, Edition 9, Chapter 9 Quiz. a provision in real estate loan preventing any prepayment for a specified time is called.(1)…
Aug 26, 2014 — When applying real estate law, a lock-in clause becomes viewed as a restraint on alienation. It prohibits prepayment of debt and reconveyance of (2)…
An acceleration clause in a mortgage or trust deed stipulates that the entire debt is due immediately, if the borrower defaults under the terms of the contract.(3)…
2. Prepayment Penalty Definition – Investopedia
A prepayment penalty clause in a mortgage contract states that a penalty will be assessed if the loan is paid down or paid off within a certain time period.(4)…
Jan 28, 2020 — Since when a borrower enters into a mortgage financing it is either (a) granting a mortgage on its property whereby the lender has a lien on the (5)…
Jun 25, 2020 — In order to ensure that sellers don’t transfer their mortgage to prospective buyers, lenders include a due-on-sale clause, also known as an (6)…
3. Commercial Real Estate FAQs – American Bar Association
Commercial financing loans are secured primarily by real estate and related called a prepayment penalty or yield maintenance fee, is a provision in a (7)…
RESPA is applicable to all “federally related mortgage loans,” except as A loan originator is prohibited from charging a borrower any fee in order to 82 pages(8)…
4. When Are Prepayment Penalties Allowed in New Mortgages?
(A higher-priced mortgage loan is a mortgage with an annual percentage rate higher than a benchmark rate called the Average Prime Offer Rate, which is an annual (9)…
addition, an approved mortgage loan originator endorsement to the real not use a fictitious name in the conduct of any activity requiring a real estate 28 pages(10)…
by RK Baldwin · 1987 · Cited by 15 — tain a provision in the loan agreement calling for a penalty in the It is common for an owner of real estate to wish to convey the property.(11)…
Certain mortgages not to prohibit further encumbrance of real property. Where any loan is secured by a mortgage or deed of trust on real property comprised of (12)…
Banking Act of 1987, and in 1988, to include adjustable rate mortgage loan disclosure requirements. All consumer leasing provisions were deleted from 77 pages(13)…
5. Buying a Home: A Glossary of Terms – Wisconsin Department …
Preparing for any financing activity begins with learning the lingo of the Adjustable Rate Mortgage (ARM) – a mortgage loan or deed of trust which (14)…
86A.324 Duties of mortgage loan servicer; prohibited conduct; rules The provisions of this section and of any other section of ORS 86A.095 to 86A.198 (15)…
Also known as a “swing loan.” Page 3. Glossary. Broker: An individual or firm that acts as an agent between providers and users of products or services, such as 18 pages(16)…
6. How to Avoid Prepayment Penalty? | Private Capital Investors
Jun 26, 2021 — The law generally prohibits prepayment penalties for different home loans like USDA, FHA, and student loans. While in the other cases, (17)…
(b) “Second mortgage” means a mortgage from which the proceeds of a loan or not prohibit an extension of credit secured by a lien on a mobile home and (18)…
(2) A term used in residential lending and in the analysis of mortgage backed securities to describe projections of monthly prepayment speeds which increase (19)…
Aug 30, 2021 — Name of borrower. Most often, real estate borrowers will use some form of a legal entity as the borrower in a construction loan financing (20)…
7. 209 CMR 32.32, 40.00, and 42.00: High cost mortgage loans
The proposed 209 CMR 32.32(6)(a) also governs loan refinancing with the original creditor or its affiliates. It prohibits the financing of any prepayment (21)…
“Prepayment penalty” and “prepayment fees or penalties” mean: (i) for a closed-end credit transaction, a charge imposed for paying all or part of the (22)…
(14)(A) “Mortgage loan” means any loan or other extension of credit: Credit insurance sold by a lender on a basis other than a prepaid single premium (23)…
8. V. Lending — RESPA Real Estate Settlement Procedures Act …
If the mortgage broker has provided the GFE to the applicant, the lender is not required to provide an additional GFE. • A loan originator is prohibited from (24)…
Troubled Commercial Real Estate Loan Classification Consider all known relevant internal and external The agencies do not prohibit the use of a.(25)…
Provisions: Subtitle A – Residential Mortgage Loan Origination Standards There are certain types of prepayment penalties that are prohibited as well.(26)…
9. 24-1.1E. Restrictions and limitations on high-cost home loans.
(4) A “high-cost home loan” means a loan other than a reverse mortgage transaction in which: the lender to charge or collect any prepayment fees or.(27)…
remedy provisions in commercial real estate financing documentation used in Pennsylvania and provides an overview of commonly used workout options. Where.(28)…
10. Contracts for Deed | Stimmel Law
Contracts for Deed are used as a form of owner financing of real estate. Once a buyer pays all of the payments called for under the contract, the owner (29)…
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) generally prohibits an individual from engaging in the business of a mortgage loan (30)…
(a) Every real estate broker, upon acting within the meaning of subdivision (d) and (3) if the loan contains a balloon payment provision, the disclosure (31)…
(d) Appraisal and/or survey of property securing the loan. (e) A single service charge, which shall include any consideration paid by the residential mortgage (32)…
only do so if they are compliant with all provisions of the Mortgage Loan not have an active license are prohibited from practicing as a mortgage loan.(33)…
Jul 1, 2020 — These fees are outlined in loan documents and are allowed in Federal law prohibits prepayment penalties for many types of home loans, (34)…
4.3 Does a creditor have an option to use the new Integrated Disclosure 6.2 Can a mortgage broker provide a Loan Estimate on the creditor’s behalf?(35)…
When making a mortgage loan on a commercial real estate asset, instead of holding the Correct any known misunderstanding as to its separate identity.(36)…
The act establishes a number of requirements for mortgage loans (mainly for The act prohibits lenders from making nonprime home loans where any of the (37)…
Aug 24, 2012 — For example, the Company may wish to: • apply some or all of the Hedging Prepayment. Proceeds in effecting additional or replacement. Hedging (38)…
Excerpt Links
(1). Real Estate Finance, Edition 9, Chapter 9 Quiz – Quizlet
(2). Mortgage lock-in clauses | firsttuesday Journal
(3). Types of Clauses | Real Estate Exam – PrepAgent.com
(4). Prepayment Penalty Definition – Investopedia
(5). Some Thoughts on Lockouts and Default Prepayment
(6). What Is A Due-On-Sale Clause? | Quicken Loans
(7). Commercial Real Estate FAQs – American Bar Association
(8). CFPB Consumer Laws and Regulations RESPA
(9). When Are Prepayment Penalties Allowed in New Mortgages?
(10). RE 7 – Mortgage Loan Broker Compliance Evaluation Manual
(11). Prepayment Penalties: A Survey and Suggestion
(12). Chapter 4. Certain Lending Practices – Code of Virginia Code
(13). Regulation Z Truth in Lending Introduction Background and …
(14). Buying a Home: A Glossary of Terms – Wisconsin Department …
(15). Chapter 086A – Oregon State Legislature
(16). The Real Estate Marketplace Glossary: How to Talk the Talk
(17). How to Avoid Prepayment Penalty? | Private Capital Investors
(18). Section 438.31c – Michigan Legislature
(19). Glossary of banking terms | American Banker
(20). commercial real estate: financing and transactional issues
(21). 209 CMR 32.32, 40.00, and 42.00: High cost mortgage loans
(22). 815 ILCS 137/ High Risk Home Loan Act. – Illinois General …
(23). Chapter 11A. Home Loan Protection. – D.C. Law Library
(24). V. Lending — RESPA Real Estate Settlement Procedures Act …
(25). Section 3-2 Loans – FDIC
(26). Dodd-Frank: Title XIV – Mortgage Reform and Anti-Predatory
(27). 24-1.1E. Restrictions and limitations on high-cost home loans.
(28). Commercial Real Estate Loan Defaults and Remedies (PA)
(29). Contracts for Deed | Stimmel Law
(30). Mortgage Loan Originator Compensation Requirements from …
(31). Article 7. Real Property Loans :: California Business and …
(32). 1974 Act 6 – PA General Assembly
(33). Code of Colorado Regulations
(34). Prepayment Penalty: What It Is And How To Avoid One – Forbes
(35). TILA-RESPA Integrated Disclosure rule – CFPA Guide
(36). Practical guidance at Lexis Practice Advisor® – Fried Frank
(37). AN ACT CONCERNING RESPONSIBLE LENDING AND …
(38). Loan Market Association Real Estate Finance.pdf – Jones Day
