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

RLE 83 Final Prep Ch 4

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1.
FLASHCARD QUESTION
Front
Back
balanced trust.
2.
FLASHCARD QUESTION
Front
Syndicates are most often formed as
Back
limited partnerships.
3.
FLASHCARD QUESTION
Front
Bonds backed by a mortgage on a specific property are
Back
secured bonds.
4.
FLASHCARD QUESTION
Front
Bonds are rated according to their issuer’s
Back
financial security.
5.
FLASHCARD QUESTION
Front
Mortgage revenue bonds are used to benefit
Back
first-time homeowners.
6.
FLASHCARD QUESTION
Front
Individual lenders on real estate primarily make
Back
junior loans.
7.
FLASHCARD QUESTION
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.
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