Loan origination happens in:
A) the primary mortgage market.
B) the secondary mortgage market.
C) the international mortgage market.
D) the Federal National Mortgage Association.
Correct Answer:
Verified
Q4: The person who borrows money to purchase
Q5: In an installment land contract:
A) the borrower
Q6: The promissory note:
A) states the amount borrowed
Q7: In mortgage documents, the provisions that apply
Q8: Uniform mortgage covenants might include which of
Q10: Loan-to-value ratio is used by lenders as
Q11: In a conventional mortgage:
A) the government does
Q12: A mortgage that allows the borrower to
Q13: The Federal Housing Administration (FHA):
A) guarantees that
Q14: A mortgage that starts with relatively low
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