12-31.A Federal agency that requires a 10 percent down payment in order to purchase adjustable rate mortgages (ARMs) with negative amortization is:
A) FNMA
B) FHLMC
C) HUD
D) both a and b
Correct Answer:
Verified
Q19: 12-18.The process of determining and controlling the
Q20: 12-14.Borrower qualifications are mostly the concern of
Q21: 12-26.The following is NOT included in borrower
Q22: 12-32.Any failure on the part of the
Q23: 12-22.A kind of judgment that a lender
Q25: 12-34.The number of states that require that
Q26: 12-24.The following influence a homeowner with negative
Q27: 12-28.Under VA guidelines,if a borrower fails the
Q28: 12-37.An individual other than the borrower that
Q29: 12-30.Due to efficiencies of the secondary mortgage
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