The secondary mortgage market is an area of activity in which
A) a borrower may get loans if the primary market cannot accommodate them.
B) second mortgages are made.
C) existing mortgages are bought, sold and discounted.
D) foreclosed properties are bought and sold.
Correct Answer:
Verified
Q12: One may find financing for a single
Q13: Which of the following sources provides the
Q14: Commercial banks are most likely to deal
Q15: Which of the following are designed to
Q16: A primary mortgage lender is one who
A)
Q18: From whom would a borrower obtain a
Q19: Which of the following specializes in bringing
Q20: Which of the following supplies money to
Q21: Participation Certificates (PCs)are instruments used by
A) GNMA.
B)
Q22: The basic role of the GNMA is
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