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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:

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Suggested Answer: B

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

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Olive
1 months ago
I think the answer is B) The recorded investment and interest past due on mortgages with interest more than 90 days past due, as it gives insight into potential credit risks.
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Lauryn
1 months ago
I believe the answer is D) Disclosures of impaired loans, as it provides information on the total recorded investment in impaired loans.
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Queenie
1 months ago
I agree with Georgeanna, because it's important to know the valuation basis for mortgage loans.
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Yaeko
1 months ago
Option A? Really? That's like the most basic stuff they'd include in the financial statements. I'm going with C, since that's a bit more obscure information.
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Huey
9 days ago
I agree, option A is pretty basic. Option C gives more detailed information on the loans.
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Terrilyn
11 days ago
I think option C is correct. It provides information on mortgages with reduced interest.
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Larae
1 months ago
This question is as clear as mud. I bet the exam writers were just having a bad day and decided to mess with us. Option B sounds good, but I'm not fully confident in that.
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Tyra
1 months ago
The correct answer is definitely D. Who cares about the other stuff, the most important thing is knowing how many loans are impaired, right? Wait, is that a trick question?
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Margo
14 days ago
It's not a trick question, D is indeed the correct answer. Impaired loans can have a significant impact on the overall financial position of a company.
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Ciara
16 days ago
I agree, knowing the total recorded investment in impaired loans is crucial for assessing the financial health of the institution.
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Shakira
21 days ago
I think you're right, D seems like the most important information to know about the loans.
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Georgeanna
2 months ago
I think the answer is A) The valuation of the mortgage loan portfolio.
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Margurite
2 months 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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Carlene
17 days ago
So, we can eliminate option A as the answer.
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Na
1 months ago
User 2: Yeah, I agree. Option C seems like valuable information that would be included.
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Judy
1 months ago
Yeah, I agree. The other options all seem to be related to specific details about the loans.
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Lynette
1 months ago
User 1: I think the answer is A, valuation of the loan portfolio is usually included in financial statements.
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Lai
1 months ago
I think you're right, option A seems like the odd one out.
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Lisha
2 months 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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Apolonia
29 days ago
I see your point, but option C also provides significant information on mortgages with reduced interest.
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Thaddeus
1 months ago
Option B is important too, it shows the recorded investment and interest past due on mortgages.
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Marsha
1 months ago
I think option A is also valuable, as it gives insight into the valuation of the mortgage loan portfolio.
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Ty
2 months ago
I agree, option D provides important information on impaired loans.
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Natalie
2 months 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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Cristy
26 days ago
User 3: Yes, that's correct. It's important to know the status of those loans.
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Jerry
30 days ago
User 2: I agree, the financial statements should provide information on interest past due on mortgages with more than 90 days past due.
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Ines
1 months ago
User 1: I think the correct answer is option B.
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