Multiple Choice
Choose the one most appropriate answer for each.
-requires immediate repayment of a loan if ownership transfers;also called a due-on-sale clause
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
Q17: Freddie Mac was originally formed to provide
Q18: Choose the one most appropriate answer for
Q19: Which of the following specializes in bringing
Q20: A lender who continues to collect mortgage
Q21: The cost of mortgage loan borrowing is
Q23: The secondary mortgage market is an area
Q24: Mortgage brokers do not lend their own
Q25: Automated underwriting systems have dramatically overhauled the
Q26: Which of the following specializes in making
Q27: The basic role of the GNMA is