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Last Updated June 24, 2023. Prepare for your mortgage test with a NMLS practice test. Learn more about the exam and use the resources provided to study for your exam.

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Sample Practice Test. 1. The Real Estate Settlement Procedures Act (RESPA) is also known as. A. Regulation B. B. Regulation C. C. Regulation X. D. Regulation Z. 2.The sales price of a home is $100,000 on a 90% LTV 30-year fixed mortgage. Fannie Mae/Freddie Mac requires 25% coverage, giving us a rate of 0.62%.

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