Multiple Choice
Under section 203(b) , the FHA
A) insures lenders against loan default.
B) lends to the secondary market.
C) guarantees loans.
D) makes loans directly.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: A loan that requires only interest payments
Q26: The homeowner has made regular mortgage payments
Q27: Choose the most appropriate answer for each.<br>-an
Q28: A mortgage in which the lender collects
Q29: Choose the most appropriate answer for each.<br>-real
Q31: A certificate of reasonable value is issued
Q32: A single woman applied for a FHA
Q33: Who normally pays the discount points when
Q34: Choose the most appropriate answer for each.<br>-balance
Q35: Usually, the borrower of a FHA loan