Unit 12 Quiz
Ginnie Mae - answer Which agency guarantees that investors will receive timely
payments of principal and interest on mortgage-backed securities backed by the FHA or
DVA?
CalHFA - answer All of the following agencies are participants in the secondary
mortgage market except?
Secondary market player. - answerFreddie Mac is a(n)?
an administered price. - answer Fannie Mae currently buys loans at?
conforming. - answerThe term used to describe loans that conform to the Fannie
Mae/Freddie Mac qualifying guidelines is?
mortgage-backed securities. - answerWhen Fannie Mae purchases mortgage loans
from lending institutions, they are packaged into?
a quasi-private corporation with government oversight. - answerFannie Mae is a?
continue to service the loans. - answerLoan originators that sell mortgages to Fannie
Mae can?
Jumbo - answerWhich of the following types of loans do lenders generally keep in their
own investment portfolios rather than sell on the secondary market?
Fannie Mae, Freddie Mac, and the FHLB. - answerThe Federal Housing Finance
Agency (FHFA) regulates?
Ginnie Mae - answer Which agency guarantees that investors will receive timely
payments of principal and interest on mortgage-backed securities backed by the FHA or
DVA?
CalHFA - answer All of the following agencies are participants in the secondary
mortgage market except?
Secondary market player. - answerFreddie Mac is a(n)?
an administered price. - answer Fannie Mae currently buys loans at?
conforming. - answerThe term used to describe loans that conform to the Fannie
Mae/Freddie Mac qualifying guidelines is?
mortgage-backed securities. - answerWhen Fannie Mae purchases mortgage loans
from lending institutions, they are packaged into?
a quasi-private corporation with government oversight. - answerFannie Mae is a?
continue to service the loans. - answerLoan originators that sell mortgages to Fannie
Mae can?
Jumbo - answerWhich of the following types of loans do lenders generally keep in their
own investment portfolios rather than sell on the secondary market?
Fannie Mae, Freddie Mac, and the FHLB. - answerThe Federal Housing Finance
Agency (FHFA) regulates?
