Financial Institutions Markets and Money
Quiz 9: Mortgage Markets
FHMLC buys FHA/VA insured mortgages from loan originators.
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REMIC securities are a form of collateralized mortgage obligations that provide tax-free income to investor.
Interest rate caps limit the size of the decrease in the loan rate over the loan's life.
A subprime mortgage is a mortgage made to borrower who has a below normal credit rating.
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