Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Chapter 13 Real Estate Financing: Mortgage Marketplaces and Loan Programs

6 Questions

0 Views

Chapter 13 Real Estate Financing: Mortgage Marketplaces and Loan Programs

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary role of the secondary mortgage market?

To construct new residential properties for sale

To provide loans directly to borrowers

To purchase loans from lenders and package them into securities (correct)

To regulate lending practices and enforce consumer protection laws

Which of the following is NOT a government-sponsored enterprise (GSE) in the secondary mortgage market?

Federal Deposit Insurance Corporation (FDIC) (correct)

Fannie Mae

Freddie Mac

Ginnie Mae

What is the primary purpose of private mortgage insurance (PMI)?

To protect lenders against borrower default (correct)

To facilitate the securitization of mortgages in the secondary market

To regulate lending practices in the primary mortgage market

To provide insurance for government-backed loans

What is the purpose of the Equal Credit Opportunity Act (ECOA)?

To prohibit discrimination in lending practices Signup and view all the answers

What is the purpose of the Real Estate Settlement Procedures Act (RESPA)?

To require disclosure of settlement costs and prohibit kickbacks Signup and view all the answers

Which of the following is an example of a loan program that can be a fixed loan or a line of credit?

Home equity loan Signup and view all the answers

Chapter 13 Real Estate Financing: Mortgage Marketplaces and Loan Programs

Choose a study mode

Podcast

Questions and Answers

What is the primary role of the secondary mortgage market?

Which of the following is NOT a government-sponsored enterprise (GSE) in the secondary mortgage market?

What is the primary purpose of private mortgage insurance (PMI)?

What is the purpose of the Equal Credit Opportunity Act (ECOA)?

What is the purpose of the Real Estate Settlement Procedures Act (RESPA)?

Which of the following is an example of a loan program that can be a fixed loan or a line of credit?

More Like This

Real Estate Financing Training Module

Real Estate Financing Training Module

Real Estate Financing Training Module

Real Estate Financing Chapter 12 Quiz

Upgrade to continue