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Free CRCM Exam Braindumps (page: 12)

Page 12 of 344
PDF with 463 Questions

Subprime borrowers are those with weakened credit histories or reduced repayment capacity. Loans to these borrowers historically have had a higher delinquency rate. Many lenders have expanded their lending programs and added subprime products as a method by providing greater credit access to lower-income of meeting their
consumers.

  1. Community Reinvestment Act (CRA) responsibilities
  2. Fraudulent marketing tactics
  3. FTC Act
  4. Predatory Lending

Answer(s): A



Subprime borrowers are those with weakened credit histories or reduced repayment capacity. Loans to these borrowers historically have had a higher delinquency rate. Many lenders have expanded their lending programs and added subprime products as a method by providing greater credit access to lower-income of meeting their
consumers.

  1. Community Reinvestment Act (CRA) responsibilities
  2. Fraudulent marketing tactics
  3. FTC Act
  4. Predatory Lending

Answer(s): A



Subprime borrowers are those with weakened credit histories or reduced repayment capacity. Loans to these borrowers historically have had a higher delinquency rate. Many lenders have expanded their lending programs and added subprime products as a method by providing greater credit access to lower-income of meeting their
consumers.

  1. Community Reinvestment Act (CRA) responsibilities
  2. Fraudulent marketing tactics
  3. FTC Act
  4. Predatory Lending

Answer(s): A



The banking agencies issued two guidances to caution depository institutions about risks involved in funding non-depository lenders that engage in predatory lending. Predatory and abusive practices include:

  1. High-pressure sales
  2. Excessive fees and interest rate including fees for unnecessary products
  3. Balloon payments that may never cause foreclosures
  4. Excessive refinancing with fees included in the new loan

Answer(s): A,B



Page 12 of 344



Post your Comments and Discuss Banking CRCM exam with other Community members:

LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
upvote

LeAnne Hair commented on August 24, 2023
I think question 204 has an incorrect solution. It should be D-Regulation E
UNITED STATES
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Igor commented on April 10, 2020
Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it.
BULGARIA
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Lori commented on July 20, 2017
I had a good result. Worth the money.
UNITED STATES
upvote

Chipps commented on July 20, 2017
Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass.
UNITED STATES
upvote