Real Estate Finance Practice Flawless Score A

Which party is not included on the deed of trust? Mortgagor Mortgagee Trustor Trustee Trustor The mortgage or deed of trust will contain ___________ that permits the lender to demand that the entire balance of the loan be repaid if the borrower defaults. Due on sale clause Acceleration clause Alienation clause Balloon clause Acceleration clause One of the largest buyers of securities is _________. Credit Unions Pension Funds China American Public Pension Funds A company or individual that originates mortgage loans and sells them to investors, while taking care of borrowers loan payments, records, taxes, and insurance. Mortgage Bankers Mortgage Brokers Loan Originators Secondary Market Mortgage Bankers The largest buyer of residential mortgages in the United States today. FHLMC GNMA Banks FNMA FNMA Provides cash advances to members, including community banks, thrifts, credit unions and community development financial institutions. FNMA FHLMC FHLB Banks FNMA Loan amount is $337,500. Down payment is $37,500. What is the LTV? 10%