ExamTopics Logo
Mail Us[email protected]
Menu
Aba Discussions
exam questions

Exam CRCM All Questions

View all questions & answers for the CRCM exam
Go to Exam

Exam CRCM topic 1 question 21 discussion

Actual exam question from ABA's CRCM
Question #: 21
Topic #: 1
[All CRCM Questions]

______________ is frequent refinancing that do not benefit the borrower. This practice can result in borrower injury from the fees imposed and from the fact that it decreases home equity and increases the consumer's debt burden, thus increasing the chance of foreclosure.

  • A. Loan flipping
  • B. Loan refinancing
  • C. Securitization
  • D. Subprime loans
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
by JessyJazz24 at Oct. 4, 2023, 10:52 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Cam22
4 months ago
Loan flipping refers to the practice of repeatedly refinancing loans in a way that does not benefit the borrower, often leading to increased fees, reduced home equity, a higher debt burden, and a greater risk of foreclosure
upvoted 1 times
...
JessyJazz24
9 months, 2 weeks ago
Selected Answer: A
Loans will be avarge
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago