RLE 83 Final Prep Ch 4

Front

A trust that invests in both mortgages and real property equities is known as

Back

balanced trust.

Front

Syndicates are most often formed as

Back

limited partnerships.

Front

Bonds backed by a mortgage on a specific property are

Back

secured bonds.

Front

Bonds are rated according to their issuer’s

Back

financial security.

Front

Mortgage revenue bonds are used to benefit

Back

first-time homeowners.

Front

Individual lenders on real estate primarily make

Back

junior loans.

Front

All of the following statements are general characteristics of mortgage brokers except that: fees are charged to borrowers; loan payments are made directly to lenders; they qualify borrowers.

Back

they use their own capital to create new loans.

Front

Mortgage bankers

Back

manage real estate loans.

Front

Unsecured corporate bonds are known as

Back

debentures.

Front

Private real estate loan companies are primarily engaged in

Back

junior financing.