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Xinnix SOAR Final Study Guide | 566 Questions with 100% Correct Answers | Updated and Verified | 77 Pages
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FNMA and FHLMC are what type of loan? - conforming the main purpose of the Consumer financial protection bureau (CFPB) is to help consumers understand the terms of their agreements with financial companies - true conventional loans are not insured by the federal government - true Agency loans include FHA and VA loans - true the proceeds of a loan for cash out refinance may be used by the borrower to insure a new pool - true a non-agency loan does not have to conform to FNMA guidelines - true FNMA insured mortgage companies against default - false Fannie Mae purchased FHA loans from mortgage bankers - true FHA mortgages are self insured while conventional mortgages require PMI - true
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