Mortgage Lending Business
Real Estate Questions? Help?
In medieval England, the basis for the prohibition on charging interest for loans was found to be: a. unnatural laws. b. natural law. c. The sinful nature borrowers. d. The sinful nature lenders. Early in U.S. growth, what prevented the mortgage area becomes a important part of the economy? a. lack of investors b. lack borrowers C. shortage of cash deposited as savings d. The lack of a lending framework in the mid-19th century, what was the common loan-to-value ratio used by lenders in the Midwestern United States? a. 10-20% b. 20-30% c. 30-40% d. 40-50%
It is the story questions not real estate issues. The answer to the first question is: Usury was a sin. Look up the word "usury" if you have it. The answer to The second question is: few people property, and those who had not generally need to borrow against it. You will never need to know the answer to the third question, even if you're on Jeopardy. Skip it.