The Federal Housing Administration (FHA) :
A) guarantees that 100% of a loan will be paid.
B) guarantees that at least 75% of the loan will be paid.
C) insures that a portion of the loan will be paid.
D) loans money to low-income individuals.
Correct Answer:
Verified
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
Q11: In a conventional mortgage:
A) the government does
Q12: A mortgage that allows the borrower to
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?
Q17: Name the three parties involved in a
Q18: What was the primary cause of the
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