Multiple Choice
Despite the risks that are inherent in the mortgage lending process,mortgage bankers have various tools at their disposal to hedge risk exposure.For example,since mortgage bankers know that only part of the loan commitments that they issue will be taken down by borrowers,they can purchase the right to sell a certain dollar amount of a certain loan type in the secondary market through what is commonly referred to as a:
A) Standby forward commitment
B) Mortgage pipeline
C) Conduit
D) Collateral
Correct Answer:
Verified
Correct Answer:
Verified
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Q12: The development of Fannie Mae and Freddie
Q14: In the early 1970's, home mortgage lenders
Q15: The traditional approach to loan underwriting has
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