FNMA purchases home mortgages only if the borrower's monthly house payment does not exceed 35 percent of his monthly gross income.
Correct Answer:
Verified
Q54: An installment loan is one where the
Q55: Households tend to be interest-inelastic borrowers.
Q56: The Equal Credit Opportunity Act authorizes individuals
Q57: The burden of proof is on a
Q58: The "right of offset" allows a bank
Q60: Customers who apply for credit have the
Q61: Under the discount rate method,interest amount is
Q62: According to recent research findings,the quotation of
Q63: The APR is the internal rate of
Q64: A majority of installment and lump-sum payment
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