In 1898, the United States acquired the following territories as a result of the Spanish-American war. 

Texas was a Republic for ______ years. 

1. Private mortgage insurance reduces:a. the lender’s risk of loss in the event of borrower default.                          b. the borrower’s risk against rising interest rates.           c. the seller’s risk in the event of a buyer backing out of the sale.                                d. none of the above.           

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

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.