Fallout risk is the risk that:
A) The value of the pipeline will be adversely affected if mortgage rates rise.
B) Applicants will not complete the transaction by purchasing the property with the funds borrowed from the mortgage originator.
C) Those who were issued commitment letters will not close.
D) b and c only.
E) All of the above.
Correct Answer:
Verified
Q5: The two principal factors in determining whether
Q6: A commitment letter is sent to the
Q7: The mortgage originator has several choices as
Q8: A mortgage loan that meets an agency's
Q9: The risk(s) associated with originating mortgages include(s):
A)
Q11: The traditional type of mortgage is characterized
Q12: Traditional mortgages were financed mainly by depository
Q13: In the presence of inflation-driven high interest
Q14: Mortgage designs, which have been offered to
Q15: A growing-equity mortgage:
A) Does have negative amortization.
B)
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