Multiple Choice
A primary mortgage lender is one who
A) lends to FNMA, FHLMC and GNMA.
B) pools, insures, guarantees and sells first mortgage loans.
C) lends to borrowers, services the loans and perhaps sells the instruments to another.
D) lends only for first mortgages and deeds of trust.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Choose the one most appropriate answer for
Q2: Which of the following is most likely
Q3: GNMA will guarantee all loan types.
Q4: All of the following offer secondary mortgage
Q5: Computerized Loan Origination (CLO)programs are available to<br>A)
Q7: Most mortgage brokers generally<br>A) lend their own
Q8: Choose the one most appropriate answer for
Q9: Which of the following supplies money to
Q10: Farmer Mac was created to provide a
Q11: Choose the one most appropriate answer for