Multiple Choice
It would be hard to overstate the importance of the Federal Housing Administration (FHA) in the history of housing finance. Which of the following instruments created by the FHA is considered the single most important financial instrument in modern housing finance?
A) Level-payment, fully amortizing loan
B) Adjustable rate mortgage
C) Partially-amortizing balloon loan
D) Subprime mortgage loan
Correct Answer:
Verified
Correct Answer:
Verified
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