About This Chapter
Federal Real Estate Financing Regulations - Chapter Summary
Whether you're interested in learning more about the Truth in Lending Act or RESPA, this chapter offers the in-depth explanations you need. Explore engaging lessons to study the basics of mortgage fraud, Regulation B and other federal real estate financing regulations. In a short amount of time, you should be ready to do the following:
- Describe Regulation Z in the Truth in Lending Act
- Explain the rules and purpose of TRID
- Provide an overview of RESPA and Regulation X
- Discuss the basis of the Equal Credit Opportunity Act and Regulation B
- List and describe types of mortgage fraud
- Outline various lending issues in the real estate market
Studying for an exam can feel challenging when you're not sure how to fit your test preparations into a busy schedule. Fortunately, this chapter's flexible format allows you to access the lessons and all other study tools 24/7 using any computer or mobile device. Choose the lessons you want to study, review them as many times as you'd like, and test your knowledge of key concepts anytime using self-assessment quizzes. Easily revisit lessons by visiting the dashboard, which keeps track of your chapter progress.
1. Truth in Lending Act & Regulation Z: Definition & Overview
How much does that home mortgage actually cost? Let's take a look at the highlights of the Truth in Lending Act and Regulation Z to see how lenders must inform borrowers about the total costs of borrowing money.
2. What is TRID? - Definition, Purpose & Rules
The Consumer Finance Protection Bureau implemented TRID to inform and protect consumers when applying for real estate mortgages. This lesson will define TRID, provide a brief history, detail the information provided to consumers, and conclude with the basic compliance regulations.
3. RESPA & Regulation X: Definition & Overview
Home buyers and anyone seeking real estate financing for residential property are provided with a number of benefits under RESPA and Regulation X. In this lesson we will look at the required disclosures and consumer protections in these laws.
4. The Equal Credit Opportunity Act & Regulation B
Most people need access to credit in order to purchase real estate. In this lesson, you'll learn about the Equal Opportunity Act and Regulation B and how they help ensure that lenders don't unfairly deny credit.
5. What is Mortgage Fraud? Types & Examples
Every year home buyers and real estate professionals alike lie or commit crimes that involve real estate mortgages. Mortgage fraud can take a number of forms, although there are consumer protections in place to minimize incidents and their impact.
6. Lending Issues in the Real Estate Market
Since the 2007-2008 housing market collapse, two of the defining issues in real estate lending have been tightening up of lending standards and decreasing interest rates for mortgage loans. In this lesson, we will discuss these issues and how they affect the current housing market.
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Other chapters within the Indiana Real Estate Broker Exam Study Guide course
- Introduction to Real Property
- Public & Private Land-Use Control
- Estate Ownership, Rights & Interest
- Deeds & Property Transfers
- Property Titles
- Property Value & Appraisal
- Introduction to Real Estate Contracts
- Real Estate Agencies & Agency Relationships
- Listing Agreements & Property Management
- Fair Housing & Consumer Protection
- Risk Management in Real Estate
- Property Disclosures
- Introduction to Real Estate Financing
- Real Estate Lender Requirements
- Closing & Settlement Real Estate Transactions
- Real Estate Investments
- Indiana Real Estate Commission & Licensing
- Indiana Real Estate Law
- Real Estate Business Procedures