The Department of Housing and Urban Development's proposed rule on disparate impact will:Question 1 options: Be permanently tabled Have no significance Go into effect shortly after publishing Never go into effectQuestion 2 (1 point) Who invented the credit scoring model most banks rely on for mortgage lending?Question 2 options: Fair Isaac Corporation (FICO) Fair Housing Administration Urban Institute Secondary mortgage marketQuestion 3 (1 point) In 2019, how much did the L.G.B.T.Q. client base of Better.com increase in terms of married couples?Question 3 options: Remained the same Increased by 500% Doubled Increased tenfoldQuestion 4 (1 point) The Fair Housing Act of 1968 prohibits lenders from considering which factors in mortgage underwriting?Question 4 options: Race High school attended Social media profile Vacation spotsQuestion 5 (1 point) Which company originated 98 percent of its mortgages using a digital platform last year?Question 5 options: Roostify Quicken Loans Better.com Bank of AmericaQuestion 6 (1 point) Where did Ms. Anderson live after her divorce?Question 6 options: With her parents in West Orange, N.J. Alone in an apartment With a friend With her daughter in West Orange, N.J.Question 7 (1 point) A core concept of the Fair Housing Act is:Question 7 options: Disparate latitude Disparate impact Disparate algorithms Disparate settlementQuestion 8 (1 point) How does Better.com generate its primary revenue?Question 8 options: Selling advertisements Subscription services Selling mortgages to investors Charging high interest ratesQuestion 9 (1 point) What do many Better.com clients choose to do?Question 9 options: Use only AI for loan decisions Speak with a fintech agent Avoid loan officers entirely Talk with a loan officerQuestion 10 (1 point) Which year did Better.com start?Question 10 options: 2015 2019 2016 2018Question 11 (1 point) In 2015, why did Melany Anderson's daughter ask about her friends having their own bedrooms?Question 11 options: She wanted to redecorate her room. Her friends made fun of her. She was curious about different houses. She was unhappy sharing a room with her mother.Question 12 (1 point) Who is the president and chief executive of the National Fair Housing Alliance?Question 12 options: Alanna McCargo Mike de Vere Dr. Wallace Lisa RiceQuestion 13 (1 point) What are digital mortgages primarily about, according to the passage?Question 13 options: Profit maximization Expanding bank clientele Borrowers' peace of mind Systemic changeQuestion 14 (1 point) What event deepened Ms. Anderson's pessimism about receiving equal treatment?Question 14 options: Release of a new fintech software Police violence against Black Americans Fair housing advocate protests Mortgage Bankers Association's rulingQuestion 15 (1 point) What is the industry average age of loan officers?Question 15 options: 34 44 54 64
The Department of Housing and Urban Development's proposed rule on disparate impact will:
Question 1 options:
Be permanently tabled
Have no significance
Go into effect shortly after publishing
Never go into effect
Question 2 (1 point)
Who invented the credit scoring model most banks rely on for mortgage lending?
Question 2 options:
Fair Isaac Corporation (FICO)
Fair Housing Administration
Urban Institute
Secondary mortgage market
Question 3 (1 point)
In 2019, how much did the L.G.B.T.Q. client base of Better.com increase in terms of married couples?
Question 3 options:
Remained the same
Increased by 500%
Doubled
Increased tenfold
Question 4 (1 point)
The Fair Housing Act of 1968 prohibits lenders from considering which factors in mortgage underwriting?
Question 4 options:
Race
High school attended
Social media profile
Vacation spots
Question 5 (1 point)
Which company originated 98 percent of its mortgages using a digital platform last year?
Question 5 options:
Roostify
Quicken Loans
Better.com
Bank of America
Question 6 (1 point)
Where did Ms. Anderson live after her divorce?
Question 6 options:
With her parents in West Orange, N.J.
Alone in an apartment
With a friend
With her daughter in West Orange, N.J.
Question 7 (1 point)
A core concept of the Fair Housing Act is:
Question 7 options:
Disparate latitude
Disparate impact
Disparate algorithms
Disparate settlement
Question 8 (1 point)
How does Better.com generate its primary revenue?
Question 8 options:
Selling advertisements
Subscription services
Selling mortgages to investors
Charging high interest rates
Question 9 (1 point)
What do many Better.com clients choose to do?
Question 9 options:
Use only
Speak with a fintech agent
Avoid loan officers entirely
Talk with a loan officer
Question 10 (1 point)
Which year did Better.com start?
Question 10 options:
2015
2019
2016
2018
Question 11 (1 point)
In 2015, why did Melany Anderson's daughter ask about her friends having their own bedrooms?
Question 11 options:
She wanted to redecorate her room.
Her friends made fun of her.
She was curious about different houses.
She was unhappy sharing a room with her mother.
Question 12 (1 point)
Who is the president and chief executive of the National Fair Housing Alliance?
Question 12 options:
Alanna McCargo
Mike de Vere
Dr. Wallace
Lisa Rice
Question 13 (1 point)
What are digital mortgages primarily about, according to the passage?
Question 13 options:
Profit maximization
Expanding bank clientele
Borrowers' peace of mind
Systemic change
Question 14 (1 point)
What event deepened Ms. Anderson's pessimism about receiving equal treatment?
Question 14 options:
Release of a new fintech software
Police violence against Black Americans
Fair housing advocate protests
Mortgage Bankers Association's ruling
Question 15 (1 point)
What is the industry average age of loan officers?
Question 15 options:
34
44
54
64
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