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RC_LP_U_307.2 Underwriting Freddie Mac A-Minus Loans
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011046-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Mortgage loan products are segmented in different ways:

  • By loan size: Conforming and non-conforming.
  • By government backing: FHA, VA, and USDA/Rural Housing.
  • By government backing: FHA, VA, and USDA/Rural Housing.

    Interest rates, fees, and prepayment penalties are proportionally based on a mortgage loan's credit investment grade or rating. As risk increases, so too do the interest rate and fees, generally speaking. Consider an A mortgage rating being prime or marginally lower in risk than those rated as A-minus, whereas a D should be considered subprime, thus representing a greater degree of risk.

    Drilling further, an A-rated borrower has demonstrated the ability to manage credit, afford the payment, and satisfy asset requirements. An A-minus borrower may have less than perfect credit, may have few if any assets, or may have yet to establish the capacity to repay a mortgage. Certain factors, such as employment, credit, down payment, and reserves contribute to the layering of risk that drives the risk evaluation of a particular mortgage.

    The material presented in Underwriting Freddie Mac A-Minus Loans describes mortgage loans purchased by Freddie Mac and evaluated as A-minus. The course begins with a definition of A-minus loans. Next, it looks at Freddie Mac eligibility requirements for A-minus loans. Toward the end of the course, learners are given the opportunity to practice by applying guidelines from the course to some practical scenarios.

    Topics:

  • Defining A-Minus
  • Freddie Mac A-Minus Eligibility
  • Case Studies

    Seat time approximately one (1) hour.

    Copyright 2019.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011046-WC-W 
     
    Title:
    RC_LP_U_307.2 Underwriting Freddie Mac A-Minus Loans 
     
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