A mortgage ________.
A) is a collection of markets, which includes a primary (or origination) market and a secondary market where mortgages trade.
B) refers to real estate.
C) is a pledge of property to secure payment of a debt.
D) gives the borrower right to foreclose the loan and seize the property in order to ensure that it is repaid.
Correct Answer:
Verified
Q10: The difference between the purchase price of
Q11: Which of the below statements is FALSE?
A)
Q12: The original mortgage balance (MB₀) is $250,000;
Q13: The _ is the primary attribute used
Q14: Which of the below statements is FALSE?
A)
Q16: _ calculate income ratios such as the
Q17: The _ of a mortgage loan indicates
Q18: Mortgage originators may generate income from mortgage
Q19: The LTV has proven to be a
Q20: Which of the below statements is FALSE?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents