Which of the following is true of PMI?
a. It is required on all loans
b. It is required for VA and FHA loans
c. The PMI disclosures are the same for fixed- and adjustable-rate loans
d. Loan servicers must give borrowers an annual disclosure stating that they may have the right to cancel their PMI
Ans: d. Loan servicers must give borrowers an annual disclosure stating that they may have the right to cancel their PMI
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To avoid accusations of defamation, which of the following would be most appropriate?
A) Use words that sound confident and convincing. B) Use vague information that is open to interpretation. C) Only use abusing language verbally, never in writing. D) Emphasize a desire for a good relationship in the future. E) Consult the company's legal advisers before sending out any message that conveys bad news.
The point of contact where a system meets its environment or other subsystems is called a(n):
A) component. B) interface. C) border. D) object. E) fence.