Ginnie mae - Study guides, Class notes & Summaries

Xinnix SOAR Final Exam Questions and Answers 100% Pass FNMA and FHLMC are what type of loan? - Answer- conforming the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies - Answer- true conventional loans are not insured by the federal government - Answer- true Agency loans include FHA and VA loans - Answer- true the proceeds of a loan for cash out refinance may be used by the borrower to in...

Real Estate Finance: Chapter 12 The Secondary Mortgage Market Intro - correct answer The secondary mortgage market is designed to deal in real estate mortgages, buying them from loan originators and selling them to investors or pooling them to enlarge the markets for these types of securities. When mortgages are purchased from primary lenders, also known as loan originators, the money generated acts to replenish the supply necessary for continued lending activities. When mortgages are sol...

Practice NMLS test - 20 Hour Safe questions & answers 2023/2024 An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - ANSWER-d Quarterly mortgage call reports must be filed a. within 30 days of the end of the calendar quarter b. within 30 days of the end of the fiscal quarter c. within 45 days of the end of the calendar quarter d. within 45 days of the end of the ...

Xinnix Quiz Questions and answers correctly solved 2023 Ginnie Mae was wholly created to purchase government mortgages on the secondary market - correct answer false which of the following was not a reason The Federal Housing Administration (FHA) was created - correct answer to simplify mortgage forms match in order of creation - correct answer 1st-FNMA 2nd-GNMA 3rd-FHLMC match the following - correct answer FNMA-fannie mae FHLMC-Freddie Mac what allowed more conven...

Champions Real Estate Finance Exam || Questions & Answers (100% Correct) Champions Real Estate Finance Exam || Questions & Answers (100% Correct) Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWER - began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. Freddie Mac is ...

FINC 409 Chapter 4 Key Terms Study Guide. Identify some of the institutional participants in the mortgage markets. - CORRECT ANSWER The federal government has historically encouraged home ownership by supporting liquid markets for home mortgages. The Federal National Mortgage Association (Fannie Mae), the Government National Mortgage Association (Ginnie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac) were created or formed to support the financial markets by purchasing...

Series 79 - Order the following in terms of credit risk: 1. GSEs 2. Gov't Agency MBS / Treasury securities 3. Private label MBS - correct answer 1. Gov't Agency MBS / Treasury Securities - backed by the full faith and credit of the US gov 2. GSEs (Fannie, FNMA and Freddie, FHLMC) - not backed by the full faith and credit of the US gov but have special authority to borrow from the US Treasury, an implied guarantee 3. Private label MBS - have no government backing Ginnie Mae - correct ...

Fiat Money - Answer-Money that isn't tied to reserves such as gold, rather is guaranteed by the government's trustworthiness. Has no intrinsic value. Exists in currency bills form and bank deposits. M1 - Answer-The sum of all money held by businesses and individuals (incl. traveler's checks) and checkable deposits. M2 - Answer-The category that contains all funds included in M1, as well as savings deposits, smalltime deposits, money market funds, and other deposits. M3 - Answer-The class...

DSST Money & Banking Question and answers correctly solved 2023/2024 Fiat Money - correct answer Money that isn't tied to reserves such as gold, rather is guaranteed by the government's trustworthiness. Has no intrinsic value. Exists in currency bills form and bank deposits. M1 - correct answer The sum of all money held by businesses and individuals (incl. traveler's checks) and checkable deposits. M2 - correct answer The category that contains all funds included in M1, as well as savi...

Which statement is TRUE about adjustment (income) bonds? - Answer Semi-annual payment of interest is not assured and repayment of principal at maturity is not assured Income bonds only pay interest if the corporation earns enough "income" to make that interest payment. So payment of interest is not assured. In addition, if the issuer defaults (which could happen), then the principal will not be repaid either. In a period of rising interest rates, an investor in a "Ginnie Mae" mutual fun...