The Federal National Mortgage Association (Fannie Mae) :
A) is a private corporation.
B) buys paper from the primary market.
C) provides funds to lenders at a set interest rate.
D) all of the above.
Correct Answer:
Verified
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
Q13: The Federal Housing Administration (FHA):
A) guarantees that
Q14: A mortgage that starts with relatively low
Q16: What is a due on sale clause?
Q17: Name the three parties involved in a
Q18: What was the primary cause of the
Q19: What is a land contract (installment land
Q20: Describe several different ways loans can be
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