Solved: Distinguish between the release of liability for a veteran, Dissertation

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Distinguish between the release of liability for a veteran

1. How has the FHA achieved the goals for which it was established?

2. Explain the two different dollar limits that apply to HUD/FHA-insured commitments.

3. In HUD/FHA settlement requirements, what rules apply to the handling of the down payment? To the handling of the closing costs?

4. Explain the difference between loan underwriting commitments made by the VA and those made by HUD/FHA.

5. What charges must a borrower pay for a HUD/ FHA-insured commitment?

6. How are interest rates determined on HUD/ FHA loans? On VA loans?

7. What are the assumption requirements now in effect for HUD/FHA loans? For VA loans?

8. Distinguish between the release of liability for a veteran and the restoration of entitlement.

9. What is the purpose of the HUD/FHA 203(k) Rehabilitation Home Mortgage Insurance program?

10. What charges, if any, must a veteran pay for a loan guaranty?

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