Despite the Risks That Are Inherent in the Mortgage Lending

question 11

Multiple Choice

Despite the risks that are inherent in the mortgage lending process,mortgage bankers have various tools at their disposal to hedge risk exposure.For example,since mortgage bankers know that only part of the loan commitments that they issue will be taken down by borrowers,they can purchase the right to sell a certain dollar amount of a certain loan type in the secondary market through what is commonly referred to as a:

• A)Standby forward commitment
• B)Mortgage pipeline
• C)Conduit
• D)Collateral

Explain the principles and apparatus used in operant conditioning.

Describe the process of shaping and its significance in learning.

Identify and differentiate between types of reinforcers.

Understand the role and application of reinforcement schedules in modifying behavior.

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Definitions:

Cognitive Flexibility

The mental ability to switch between thinking about two different concepts, or to think about multiple concepts simultaneously.

Inhibitory Control

A cognitive process that involves the ability to tune out irrelevant stimuli and focus on relevant information, crucial for self-regulation.

Working Memory

A cognitive system responsible for temporarily holding information available for processing, crucial for reasoning and the guidance of decision-making and behavior.

Short-Term Memory

A component of the memory system that is responsible for temporarily holding information available for processing.