Mike is talking to a lender directly about getting a loan, he is participating in the:
Real Estate Principles II - Level 3 Financing

Quiz
•
Other
•
12th Grade
•
Medium
James Marshall
Used 7+ times
FREE Resource
38 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Primary Mortgage Market
Secondary Mortgage Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mortgage loans are bundled and sold to investors on the:
Primary Mortgage Market
Secondary Mortgage Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The vast majority of mortgage loans that are created in the primary mortgage market are bundled and sold to what is known as the ______________
Primary Mortgage Market
Secondary Mortgage Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The place where mortgages are bought and sold.
Primary Mortgage Market
Secondary Mortgage Market
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
(GSE) Government Sponsored Enterprise but not owned by the government (Two are correct).
Fannie Mae: Federal National Mortgage Association (FNMA)
Freddie Mac: Federal Home Loan Mortgage Corporation (FHLMC)
Ginnie Mae: Government National Mortgage Association (GNMA)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A government-owned entity that supports the secondary mortgage market by guaranteeing mortgage-backed securities (MBSs) insured by the U.S. government
Fannie Mae: Federal National Mortgage Association (FNMA)
Freddie Mac: Federal Home Loan Mortgage Corporation (FHLMC)
Ginnie Mae: Government National Mortgage Association (GNMA)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A government-sponsored enterprise created in 1970 to further support the secondary mortgage market, and specifically, to support smaller thrift banks
Fannie Mae: Federal National Mortgage Association (FNMA)
Freddie Mac: Federal Home Loan Mortgage Corporation (FHLMC)
Ginnie Mae: Government National Mortgage Association (GNMA)
Create a free account and access millions of resources
Similar Resources on Wayground
37 questions
Consumer Economics Final Exam Review

Quiz
•
11th - 12th Grade
36 questions
W.I.S.E. Review #1

Quiz
•
9th - 12th Grade
37 questions
Intro to Credit/Credit Scores - STUDY GUIDE

Quiz
•
12th Grade
36 questions
Housing Unit Test Review

Quiz
•
12th Grade
34 questions
Personal Finance- Budgeting

Quiz
•
10th - 12th Grade
37 questions
PF Exam 3 Review

Quiz
•
12th Grade
36 questions
Wise Review 2

Quiz
•
10th - 12th Grade
40 questions
Cinderella Man

Quiz
•
KG - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade