13-19.For mortgage bankers two principal sources of funds are:

Question

Quizplus · Accepted Answer

Mortgage bankers typically obtain funds from two primary sources: commercial paper and warehousing loans. Commercial paper is a short-term debt issuance used to fund operations, while warehousing loans are short-term loans collateralized by mortgages that the banker plans to sell to investors in the secondary market. The funds obtained from these sources are then used to make mortgage loans to consumers.

13-19For Mortgage Bankers Two Principal Sources of Funds Are