Expansion of the secondary market into conventional loans was made possible by which of the following two events.
A) Money available in the financial markets and an increase in the number of mortgages.
B) Growth of available money and the standardization of loan documents.
C) The creation of uniform mortgage instruments and the expansion of private mortgage insurance.
D) The shift to private mortgage insurance and the sharp decrease in FHA and VA insured commitments.
Correct Answer:
Verified
Q1: Which of the following best describe the
Q3: As used in mortgage lending, yield means
A)
Q4: The distinguishing feature of a collateralized mortgage
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Q7: The primary purpose of federal agency underwriting
Q8: A unit of measure when used as
Q9: State and municipal housing authorities are able
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A)
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