A self-employed borrower who has documentable assets but is not able to provide adequate documentation for his income may be eligible for this type of loan:
A) FNMA
B) FHLMC
C) Conforming
D) Alt-A
Correct Answer:
Verified
Q21: Which of the following is typically NOT
Q22: A conforming loan:
A)Exceeds the loan limits of
Q23: Payment to income ratio is BEST described
Q24: RESPA requires lenders to disclose to buyers
Q25: Which of the following is NOT one
Q27: An escrow account:
A)Ensures that a default insurance
Q28: What document usually summarizes the sources,disbursements,charges and
Q29: The APR estimate must be accurate to
Q30: A jumbo loan:
A)Is another term for an
Q31: GSE is the abbreviation for:
A)Government-sponsored entity
B)Government-specific entity
C)Government-sponsored
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