A primary mortgage lender is one who
A) lends to FNMA, FHLMC and GNMA.
B) pools, insures, guarantees and sells first mortgage loans.
C) lends to borrowers, services the loans and perhaps sells the instruments to another.
D) lends only for first mortgages and deeds of trust.
Correct Answer:
Verified
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Q17: The secondary mortgage market is an area
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Q20: Which of the following supplies money to
Q21: Participation Certificates (PCs)are instruments used by
A) GNMA.
B)
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