SOFE Exam AFE Topic 2 Question 99 Discussion

Actual exam question for SOFE's AFE exam

Question #: 99
Topic #: 2

[All AFE Questions]

Financial Statements provide additional valuable information on the loans. Some of the more significant information provided includes EXCEPT:

AThe valuation of the mortgage loan portfolio, including a description of the valuation basis for mortgage loans and income recognition

BThe recorded investment and interest past due on mortgages with interest more than 90 days past due

CThe recorded investment and number of mortgages on which interest has been reduced, and the percent the interest was reduced

DDisclosures of impaired loans: The total recorded investment in impaired loans at the end of each period

Show Suggested Answer

Suggested Answer: B

by Tanja at Apr 29, 2025, 08:45 PM

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Georgeanna

1 days ago

I think the answer is A) The valuation of the mortgage loan portfolio.

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Margurite

3 days ago

Hmm, I'm not sure. Option C sounds interesting, but I don't think that's the EXCEPT part of the question. Maybe the answer is A, since valuation of the loan portfolio is pretty standard information.

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Lisha

13 days ago

Option D seems like the most relevant information to me. Disclosures of impaired loans are crucial for understanding the overall financial health of the loan portfolio.

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Natalie

22 days ago

I think the correct answer is option B. The financial statements should provide information on the recorded investment and interest past due on mortgages with interest more than 90 days past due.

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