(I)Conventional mortgages are originated by private lending institutions,and FHA or VA loans are originated by the government.
(II)Conventional mortgages are insured by private companies,and FHA or VA loans are insured by the government.

Question

Quizplus · Accepted Answer

(I) is false because both conventional and FHA or VA loans can be originated by private lending institutions; it's the insurance and guarantee that differ. (II) is true because conventional mortgages are indeed insured by private companies, while FHA (Federal Housing Administration) and VA (Veterans Affairs) loans are insured or guaranteed by the government.

(I)Conventional Mortgages Are Originated by Private Lending Institutions,and FHA or VA