Multiple Choice
Throughout the process of originating and selling mortgages, mortgage companies face a number of risks. Therefore, it is important for a lending institution to evaluate the risks of mortgage loan default through a process commonly referred to as:
A) mortgage fallout
B) loan servicing
C) warehousing
D) loan underwriting
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Suppose an institution has purchased a $250,000
Q12: In the process of deciding whether to
Q13: In ascertaining whether a borrower has the
Q14: In the early 1970's, home mortgage lenders
Q15: The traditional approach to loan underwriting has
Q17: In the late 1960's, Congress created a
Q18: When a mortgage is used as collateral
Q19: A lender is considering whether to approve
Q20: Mortgage banks typically will attempt to sell
Q21: Traditional home mortgage underwriting is said to