Criminals, Ministers & Help To Buy: The Mortgage Solutions News Quiz
(65).webp "Criminals, Ministers & Help To Buy: The Mortgage Solutions News Quiz - Quiz")
Test your knowledge of the week's events with this quick quiz.
- 1.
What do brokers prize most in a lender?
- A.
Clear criteria
- B.
Speed
- C.
Friendly BDMs
Correct Answer
B. SpeedExplanation
Brokers prize speed in a lender because it allows them to quickly and efficiently process loan applications for their clients. A fast lender can provide quicker approvals and funding, which is crucial in the competitive mortgage market. Speedy lenders also help brokers maintain good relationships with their clients by ensuring timely and efficient service. Additionally, a fast lender can help brokers close deals faster, leading to increased business and revenue opportunities.Rate this question:
-
- 2.
Who is Janet Yellen?
- A.
The next US Fed chair
- B.
The IMF head
- C.
The shadow housing minister
Correct Answer
A. The next US Fed chairExplanation
Janet Yellen is the correct answer because she is indeed the next US Fed chair. She served as the Chair of the Federal Reserve from 2014 to 2018, making her the first woman to hold this position. Yellen is an economist and has had a long career in academia and public service. She is well-known for her expertise in monetary policy and has played a crucial role in shaping the US economy during her tenure as the Fed chair.Rate this question:
-
- 3.
Which lender has just hired its first BDM?
- A.
Auchtermuchty BS
- B.
Mansfield BS
- C.
HSBC
Correct Answer
B. Mansfield BSExplanation
Mansfield BS has just hired its first BDM (Business Development Manager). This implies that Mansfield BS, a lender, has recognized the need for a BDM and has made the decision to hire one for the first time. This suggests that Mansfield BS is expanding its business and looking to develop new opportunities and relationships with customers.Rate this question:
-
- 4.
Which G7 state got the biggest IMF economic upgrade?
- A.
Italy
- B.
Germany
- C.
The UK
Correct Answer
C. The UKExplanation
The UK received the biggest IMF economic upgrade among the G7 states. This implies that the UK's economic performance and outlook improved significantly compared to the other G7 countries. It suggests that the UK's economy is growing at a faster rate and has a more positive outlook for the future.Rate this question:
-
- 5.
Who is the new housing minister?
- A.
Mark Prisk
- B.
Kris Hopkins
- C.
Nick Boles
Correct Answer
B. Kris HopkinsExplanation
Kris Hopkins is the new housing minister.Rate this question:
-
- 6.
How many Help to Buy 1 reservations have been made?
- A.
9,000
- B.
13,000
- C.
15,000
Correct Answer
C. 15,000Explanation
The correct answer is 15,000. This means that there have been a total of 15,000 Help to Buy 1 reservations made.Rate this question:
-
- 7.
Who is the UK National Crime Agency targeting?
- A.
Cyber criminals
- B.
Mortgage brokers
- C.
Investment bankers
Correct Answer
A. Cyber criminalsExplanation
The UK National Crime Agency is targeting cyber criminals. This is because cyber criminals pose a significant threat to national security and the economy by engaging in various illegal activities such as hacking, identity theft, and fraud. The National Crime Agency aims to investigate and disrupt these criminal networks, gather intelligence, and bring the perpetrators to justice. By focusing on cyber criminals, the agency can effectively combat cybercrime and protect individuals, businesses, and the overall digital infrastructure in the UK.Rate this question:
-
- 8.
Which top 6 lender has not yet signed up to Help to Buy 2?
- A.
Barclays
- B.
Nationwide
- C.
Santander
Correct Answer
B. NationwideExplanation
The question asks which top 6 lender has not signed up for Help to Buy 2. The options provided are Barclays, Nationwide, and Santander. The correct answer is Nationwide because it is the only option among the given lenders that has not yet signed up for Help to Buy 2.Rate this question:
-
- 9.
What was the average outstanding mortgage size in June 2013?
- A.
£95,883
- B.
£174,382
- C.
£198,389
Correct Answer
A. £95,883Explanation
The average outstanding mortgage size in June 2013 was £95,883.Rate this question:
-
- 10.
Which line is in our blogger’s Brokers’ Prayer?
- A.
Give us this day our self-certs
- B.
Lead us not into fraud
- C.
But deliver us from bridging
Correct Answer
C. But deliver us from bridgingExplanation
The correct answer is "But deliver us from bridging". This line is in our blogger's Brokers' Prayer, as it is a plea to be saved from engaging in fraudulent activities related to bridging loans. The prayer acknowledges the potential temptation and risks associated with bridging loans and seeks guidance and protection from them.Rate this question:
-
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Jul 31, 2023Quiz Edited by
ProProfs Editorial Team -
Oct 11, 2013Quiz Created by
Mortgagesolution
Back to top