FHMLC buys only FHA/VA insured mortgages from loan originators.
Correct Answer:
Verified
Q5: Since the financial crisis the Federal National
Q6: Investors in CMO securities are not exposed
Q7: Mortgage insurance was an important factor in
Q8: An ARM, compared to a FRM, shifts
Q9: Lifetime interest rate caps limit the size
Q11: Most mortgage loans are amortized over the
Q12: Pass-through securities pass through all principal and
Q13: Mortgage originators may retain the servicing right
Q14: Mortgage-backed securities are more liquid than individual
Q15: Unlike mortgage-backed securities, individual mortgages are issued
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