36. The standard loan-to-value ratio has traditionally been:a. 60%.                                      b. 70%.                                      c. 80%.d. 90%.

75. Private mortgage insurance is required on loans that exceed what percentage of the value of a property?a. 20%                                                             b. 50%                                                             c. 80%d. None of the above  

93. The maximum origination fee for both FHA and VA loans is:a. 1%.                                  b. 10%.                            c. 20%.                                  d. $1500.00.       

67. The FHA maximum debt ratios are:a. 25% and 35%.                          b. 31% and 43%.c. 50% and 70%.d. 29% and 45%

36. The standard loan-to-value ratio has traditionally been:a. 60%.                                      b. 70%.                                      c. 80%.d. 90%.

96. The maximum veteran entitlement for a VA loan guaranty is:a. $36,000.                           b. $360,000.                      c. $360.                         d. none of the above.                      

42. What age must a reverse mortgage borrower be?a. Over 55              b. Over 62                       c. Over 65             d. Over 70                        

83. A sale where the lender accepts less than the amount owed on the existing debt is:a. known as a “short sale.”b. not allowed on owner-occupied property.                   c. allowed because of a due on sale provision.                                  d. only allowed if approved by the NMLS.

75. Private mortgage insurance is required on loans that exceed what percentage of the value of a property?a. 20%                                                             b. 50%                                                             c. 80%d. None of the above  

73. A scheme where the down payment is actually borrowed or carried as a second mortgage by the seller but never documented in the purchase agreement, escrow instructions, or recorded is known as:a. an air loan.b. leverage.c. a silent second.d. a disappearing second.