The term "usury" in the field of real estate lending means charging an interest rate over and above
A) the legal limit.
B) the prime rate.
C) 10%.
D) 20%.
Correct Answer:
Verified
Q26: FHLMC was formed primarily to provide a
Q27: Mortgage companies tend to lend their own
Q28: Commercial banks tend to favor long term
Q29: Municipal bonds that provide a source of
Q30: Other lenders providing mortgage money might include
A)
Q32: Computerized Loan Origination is limited to regulated
Q33: Deregulation of the lending industry had little
Q34: The entity that purchases the most loans
Q35: A quasi-governmental agency, which was originally established
Q36: Freddie Mac was originally formed to provide
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents