Multiple Choice
The emergence of mortgage securities propelled the development of mortgage companies, an entity significantly different from the thrifts and banks that previously dominated the mortgage landscape. Which of the following parties is responsible for providing mortgage origination services and initial funding within this new framework?
A) Mortgage banker
B) Mortgage broker
C) Portfolio lender
D) Security analyst
Correct Answer:
Verified
Correct Answer:
Verified
Q20: Mortgage banks typically will attempt to sell
Q21: Traditional home mortgage underwriting is said to
Q22: The Federal National Mortgage Association (Fannie Mae)
Q23: When the contract rate at closing is
Q24: Total mortgage debt outstanding as of the
Q26: When the mortgage banker originates a home
Q27: Recently, mortgage banking has become the natural
Q28: Despite many innovations in the lending process
Q29: The development of Fannie Mae and Freddie
Q30: In analyzing a borrower's credit worthiness, the