Criminals, Ministers & Help To Buy: The Mortgage Solutions News Quiz

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Mortgagesolution
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Quizzes Created: 8 | Total Attempts: 650
| Attempts: 70
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  • 1/10 Questions

    Who is the UK National Crime Agency targeting?

    • Cyber criminals
    • Mortgage brokers
    • Investment bankers
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About This Quiz


Test your knowledge of the week's events with this quick quiz.

Criminals, Ministers & Help To Buy: The Mortgage Solutions News Quiz - Quiz

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  • 2. 

    Which lender has just hired its first BDM?

    • Auchtermuchty BS

    • Mansfield BS

    • HSBC

    Correct Answer
    A. Mansfield BS
    Explanation
    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.

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  • 3. 

    How many Help to Buy 1 reservations have been made?

    • 9,000

    • 13,000

    • 15,000

    Correct Answer
    A. 15,000
    Explanation
    The correct answer is 15,000. This means that there have been a total of 15,000 Help to Buy 1 reservations made.

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  • 4. 

    Which top 6 lender has not yet signed up to Help to Buy 2?

    • Barclays

    • Nationwide

    • Santander

    Correct Answer
    A. Nationwide
    Explanation
    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.

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  • 5. 

    Which G7 state got the biggest IMF economic upgrade?

    • Italy

    • Germany

    • The UK

    Correct Answer
    A. The UK
    Explanation
    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.

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  • 6. 

    Who is the new housing minister?

    • Mark Prisk

    • Kris Hopkins

    • Nick Boles

    Correct Answer
    A. Kris Hopkins
    Explanation
    Kris Hopkins is the new housing minister.

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  • 7. 

    Who is Janet Yellen?

    • The next US Fed chair

    • The IMF head

    • The shadow housing minister

    Correct Answer
    A. The next US Fed chair
    Explanation
    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.

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  • 8. 

     What was the average outstanding mortgage size in June 2013?

    • £95,883

    • £174,382

    • £198,389

    Correct Answer
    A. £95,883
    Explanation
    The average outstanding mortgage size in June 2013 was £95,883.

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  • 9. 

    Which line is in our blogger’s Brokers’ Prayer?

    • Give us this day our self-certs

    • Lead us not into fraud

    • But deliver us from bridging

    Correct Answer
    A. But deliver us from bridging
    Explanation
    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.

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  • 10. 

    What do brokers prize most in a lender?

    • Clear criteria

    • Speed

    • Friendly BDMs

    Correct Answer
    A. Speed
    Explanation
    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.

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Quiz Review Timeline (Updated): Jul 31, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jul 31, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 11, 2013
    Quiz Created by
    Mortgagesolution
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