FHLMC was formed primarily to provide a secondary market for
A) savings and loans.
B) commercial banks.
C) mortgage companies.
D) insurance companies.
Correct Answer:
Verified
Q21: Participation Certificates (PCs)are instruments used by
A) GNMA.
B)
Q22: The basic role of the GNMA is
Q23: Fannie Mae buys and sells all mortgages
Q24: Computerized Loan Origination (CLO)programs are available to
A)
Q25: Life insurance companies do no get involved
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)
Q31: The term "usury" in the field of
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