Multiple Choice
Choose the one most appropriate answer for each.
-a lending industry nickname for the Federal National Mortgage Association
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
Q54: FNMA was organized by the federal government
Q55: From whom would a borrower obtain a
Q56: Commercial banks are most likely to deal
Q57: Lenders who could be described as investing
Q58: An investor can invest in mortgages by
Q60: Municipal bonds that provide a source of
Q61: There is no limit to the cost
Q62: Usury laws are established by the federal
Q63: FHLMC was formed primarily to provide a
Q64: Loan contracts sometimes call for a _