Which of the Following Is Not a Correct Description of Qualified

question 54

Multiple Choice

Which of the following is not a correct description of qualified mortgages?

• A) They must comply with regulations issued by the Consumer Financial Protection Bureau.
• B) Their term cannot exceed 30 years.
• C) They cannot be interest-only mortgages or result in negative amortization.
• D) They must be retained by the lending institution that originated the mortgages and cannot be sold.
• E) They place limits on the borrower's debt-to-income ratio.

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Definitions:

Markov Analysis

A statistical technique used to predict the future behavior of a system or process based on its current state and known probabilities of various outcomes.

Horizontal Fit

Refers to the alignment between an individual's skills and interests and the job requirements or the compatibility between various HR practices within an organization.

Vertical Fit

The alignment between an individual's career path and the strategic objectives or needs of the organization.

HR Alignment

The process of ensuring that human resource practices are in harmony with the strategic goals and objectives of an organization.