1. What are the four housing market issued addressed by federal legislation?

2. Describe the federal programs that provide financial support to the depository institutions.

3. Indicate the main role of the Federal Home Loan Banks and how they finance their operations. 

4. Indicate the source of risk for thrifts

5. How have the federal guarantees allowed the FHA to subsidize mortgage insurance?

6. Describe the least three HUD programs for low-income family housing.

7. What is the motivation behind the Interstate Land Sales Full Disclosure Act? What type of properties are covered by the act?

8. What are the main two disclosures required by Regulation Z?

9. Explain why adding discount points raises the APR on a mortgage.

10. What is the effect on prepayment on the actual APR? Explain.