A conforming loan:
A) Exceeds the loan limits of loans that Fannie Mae and Freddie Mac can buy
B) Meets loan limits of loans that Fannie Mae and Freddie Mac can buy
C) Cannot be purchased by GSEs such as Fannie Mae and Freddie Mac
D) Is another term for a fixed-rate mortgage loan
Correct Answer:
Verified
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Q23: Payment to income ratio is BEST described
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Q27: An escrow account:
A)Ensures that a default insurance
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