Question
FHA has established certain MPR’s that apply to loans that they insure. MPR is an abbreviation for:
Selections
A. Market Price Ratings
B. Minimum Property Requirements
C. Minimum Profitability Ratios
D. Mortgage Progression Times
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Question
Under a construction loan, the final payment to the borrower is generally released when the:
Selections
A. Lien period has expired
B. Owner has accepted the property
C. Notice of Completion has been filed
D. Work has been completed
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