100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MA Salesperson Exam Module 10: Real Estate Financing Mostly Tested Questions and Correct Answers (100% Pass $11.49   Add to cart

Exam (elaborations)

MA Salesperson Exam Module 10: Real Estate Financing Mostly Tested Questions and Correct Answers (100% Pass

 0 view  0 purchase
  • Course
  • MA Salesperson
  • Institution
  • MA Salesperson

secondary mortgage market -banks have the option to sell off the loan investors -After the loan is sold (either at a discount for less that its worth or at a premium for more than it's worth) the mortgagor may either make payments directly to the loan's new owner, or they might keep paying ...

[Show more]

Preview 2 out of 12  pages

  • November 19, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MA Salesperson
  • MA Salesperson
avatar-seller
ExamArsenal
1|Page | © copyright 2024/2025 | Grade A+




MA Salesperson Exam Module 10:
Real Estate Financing Mostly Tested
Questions and Correct Answers
(100% Pass)
secondary mortgage market


✓ -banks have the option to sell off the loan investors

✓ -After the loan is sold (either at a discount for less that its worth or at a

premium for more than it's worth) the mortgagor may either make

payments directly to the loan's new owner, or they might keep paying

the original lender who will forward their payments.




Helping Families Save Their Homes Act


✓ The mortgagor does not need to consent to the sale of the loan, but

they must be informed (part of the Truth in Lending Act)




Federal National Mortgage Association (Fannie Mae)


✓ Founded in 1938. Focuses on conventional, FHA, and VA loans.




Federal Home Loan Mortgage Corporation (Freddie Mac)




Master01 | November, 2024/2025 | Latest update

, 1|Page | © copyright 2024/2025 | Grade A+

✓ founded in 1970. Specialized in conventional, FHA, and VA loans.




Freddie Mac and Fannie Mae are run under


✓ the federal housing financing agency




Government National Mortgage Association (Ginnie Mae)


✓ Founded in 1968. Specialized in FHA low-income loans




Fully Amortized Loans


✓ -also known as direct reduction loans

✓ -loans that are completely paid off when the last payment is made




amoritization


✓ they payment of debt in equal installments




debt service


✓ payments




principal




Master01 | November, 2024/2025 | Latest update

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart