Multiple Choice
Choose the one most appropriate answer for each.
-a firm that makes mortgage loans and then sells them to investors
A) alienation clause
B) automated underwriting systems
C) computerized loan origination
D) disintermediation
E) due-on-sale clause
F) Fannie Mae
G) Farmer Mac
H) Fiat money
I) FIRREA
J) Freddie Mac
K) Ginnie Mae
L) mortgage broker
M) mortgage company
N) mortgage-backed securities
O) municipal bonds
P) participation certificates
Q) prepayment penalty
R) primary market
S) secondary mortgage market
T) usury
Correct Answer:

Verified
Correct Answer:
Verified
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)
Q6: A primary mortgage lender is one who<br>A)
Q7: Most mortgage brokers generally<br>A) lend their own
Q9: Which of the following supplies money to
Q10: Farmer Mac was created to provide a
Q11: Choose the one most appropriate answer for
Q12: Choose the one most appropriate answer for
Q13: Fannie Mae buys and sells all mortgages