In a conventional mortgage:
A) the government does not participate as an insurer or guarantor.
B) the FHA insures the loans.
C) the VA guarantees the loans.
D) the FDIC insures the loans.
Correct Answer:
Verified
Q6: The promissory note:
A) states the amount borrowed
Q7: In mortgage documents, the provisions that apply
Q8: Uniform mortgage covenants might include which of
Q9: Loan origination happens in:
A) the primary mortgage
Q10: Loan-to-value ratio is used by lenders as
Q12: A mortgage that allows the borrower to
Q13: The Federal Housing Administration (FHA):
A) guarantees that
Q14: A mortgage that starts with relatively low
Q15: The Federal National Mortgage Association (Fannie Mae):
A)
Q16: What is a due on sale clause?
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