Multiple Choice
Choose the one most appropriate answer for each.
-originating loans through the use of a networked computer system
A) alienation clause
B) automated underwriting systems
C) computerized loan origination
D) disintermediation
E) due-on-sale clause
F) Fannie Mae
G) Farmer Mac
H) Fiat money
I) FIRREA
J) Freddie Mac
K) Ginnie Mae
L) mortgage broker
M) mortgage company
N) mortgage-backed securities
O) municipal bonds
P) participation certificates
Q) prepayment penalty
R) primary market
S) secondary mortgage market
T) usury
Correct Answer:

Verified
Correct Answer:
Verified
Q29: GNMA buys loans from primary market loan
Q30: Freddie Mac buys loans only from savings
Q31: The money used by the secondary market
Q32: The entity that purchases the most loans
Q33: The _ market is where lenders originate
Q35: Participation Certificates (PCs)are instruments used by<br>A) GNMA.<br>B)
Q36: One may find financing for a single
Q37: Most loans contain a due-on-sale clause which
Q38: Other lenders providing mortgage money might include<br>A)
Q39: Mortgage _ do not lend their own