Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. Securities issued against a pool of mortgage loans held by a financial institution whose interest and principal payments will be passed on to security holders.
b. A federal agency created in 1970, but now privately owned that was designed to improve the secondary market for certain types of home mortgages.
c. A type of mortgage-backed security offered in a variety of maturity classes.
d. Home mortgage loan that carries an unchanging loan rate.
e. Home mortgage loan with a loan rate that may be adjusted during the life of the loan.

Question

Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. Securities issued against a pool of mortgage loans held by a financial institution whose interest and principal payments will be passed on to security holders.
b. A federal agency created in 1970, but now privately owned that was designed to improve the secondary market for certain types of home mortgages.
c. A type of mortgage-backed security offered in a variety of maturity classes. 
d. Home mortgage loan that carries an unchanging loan rate.
e. Home mortgage loan with a loan rate that may be adjusted during the life of the loan.

Quizplus · Accepted Answer

The Answer of Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter
a. Securities issued against a pool of mortgage loans held by a financial institution whose interest and principal payments will be passed on to security holders.
b. A federal agency created in 1970, but now privately owned that was designed to improve the secondary market for certain types of home mortgages.
c. A type of mortgage-backed security offered in a variety of maturity classes. 
d. Home mortgage loan that carries an unchanging loan rate.
e. Home mortgage loan with a loan rate that may be adjusted during the life of the loan.

Using the The Description or the Definition Below, Identify Each