Multiple Choice
The basic role of the GNMA is to
A) resupply capital to primary lenders by guaranteeing repayment of pools of mortgage loans.
B) insure loans made by primary government lenders.
C) sell mortgage pools to money market funds.
D) facilitate the resale of mortgage loans by marketing participation certificates.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Choose the one most appropriate answer for
Q23: The secondary mortgage market is an area
Q24: Mortgage brokers do not lend their own
Q25: Automated underwriting systems have dramatically overhauled the
Q26: Which of the following specializes in making
Q28: Freddie Mac's Loan _ program made available
Q29: GNMA buys loans from primary market loan
Q30: Freddie Mac buys loans only from savings
Q31: The money used by the secondary market
Q32: The entity that purchases the most loans