Which of the below statements is FALSE?
A) The mortgage originator cannot hold the mortgage in its investment portfolio.
B) Mortgage banking refers to the activity of originating mortgages.
C) These mortgage bankers, unlike banks and thrifts, typically do not invest in the mortgages that they originate, but derive their income from the origination fees.
D) Someone who wants to borrow funds to purchase a home will apply for a loan from a mortgage originator.
Correct Answer:
Verified
Q6: The types of real estate properties that
Q7: Which of the below statements is TRUE?
A)
Q8: The principal originators of residential mortgage loans
Q9: Although the sources of revenue attributable to
Q10: The difference between the purchase price of
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)
Q15: A mortgage _.
A) is a collection of
Q16: _ calculate income ratios such as the
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