Primary mortgage market - Study guides, Class notes & Summaries

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 a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - Answer-in 1970 for the purpose of purchasing mortg...

Mort 202 Grande MOD 1 Questions and Answers 100% Pass Question: What is the primary function of a mortgage in real estate transactions? Answer: The primary function of a mortgage is to provide a loan to a borrower for purchasing real estate, with the property itself serving as collateral for the loan. Question: How does the interest rate affect the total cost of a mortgage over its term? Answer: The interest rate directly impacts the total cost of a mortgage; a higher interest rate...

Real Estate Principles 2 Questions and Answers 100% Pass What is the primary purpose of an appraisal in real estate? To determine the market value of a property. What is a key factor that affects property value? Location of the property. What is the difference between a lien and a mortgage? A lien is a legal claim on a property for the payment of a debt, while a mortgage is a specific type of lien used to secure a loan for purchasing property. What is an easement in real es...

REE4204 EXAM QUESTIONS WITH CERTIFIED ANSWERS Environment of real estate - Answer-the institutions that create and purchase real property and the markets within which they are transferred financial intermediaries - Answer--the financial institutions that channel funds from the surplus income units to the deficit income units -commercial banks -thrift instituions- S&L associations and mutual savings banks -investment companies-pool the funds of savers and invest the funds in a portfolio ...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Recourses of foreclosure - borrower can come back through - equity of redemption -statutory The possibility that the actual outcome will vary from what was expected when the asset was purchased. - Risk fixed amount of money paid or received at the end of every period - Ordinary annuity future cash inflow or outflow occurring only once - lump sum payment What are the four time Value of money operations - Compounding Operations 1. Future value of a lump sum 2. Future value of an annuity ...

National USPAP Course Exam The Appraisal Foundation has the authority to enforce the requirements of USPAP. - Correct answer-False Currently, the boards within the Appraisal Foundation include: - Correct answerAppraisal Standards Board, Appraisal Qualifications Board, Board of Trustees Which Foundation board is responsible for USPAP? - Correct answer-Appraisal Standards Board Qualification criteria for appraiser certification and recertification are disseminated to state appraisal boards ...

MNM2615 - Marketing In Africa Assignments 1, 2 & 3 - 1st semester 2022 (85%). INTRODUCTION The world of E-Commerce is significantly pronounced in Africa than it is in other territories, and we are seeing a dramatic increase in the number of people accessing the internet and making payments via the internet and how the internet can be leveraged to target a brand’s 3 S - The study-notes marketplace Downloaded by: snzu05 | Distribution of this document is illegal S - The study-notes mar...

Functional obsolescence - Answer- Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - Answer- best indicator of value for existing properties highest and best use - Answer- the legal use for property that gives the greatest return in money and/or amenities external obsolescence - Answer- the loss in value of a property caused by factors outside the property itself principle of contribution - Answer- suggests the...