Social Science Economics
FHCE 3100 MOORMAN NEWEST EXAM 2025 | ALL
QUESTIONS AND CORRECT ANSWERS | GRADED A+ |
VERIFIED ANSWERS | LATEST VERSION
Save
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SUPERIOR real estate final exam qu... RTPM 497 EXAM #3 AP Human Geograp
32 terms 40 terms Teacher 28 terms
Jay_Son16 Preview kuriachrisyuis Preview SADIE7207
What are the two largest Housing and transportation
expenditures for most
consumers?
What is the national 64.4%
homeownership rate?
What does the Discrimination race or color, religion, sex, national origin, familial status,
Fair Housing act prohibit disability
discrimination on the basis of?
What were people told create social and financial stability, created safer neighborhoods,
homeownership might do for create smarter children who do better in school
them?
When did the "own ur own in 1922 under then-secretary of commerce later president
house" government home Herbert Hoover
ownership promotion start?
During the great depression, in 1940, after the great bust of the 19230s, homeownership
what did US home ownership dropped to 44%
drop to?
Under which President was the Hoover in 1932
Federal Home Loan Banks (FHL)
created?
12 government-sponsored banks that provided stable, on-
What was the Federal Home demand, low-cost funding to American financial insinuations (non
Loans Banks (FHL)? individuals) for home mortgage loans, small business, rural,
agricultural, and economic development lending.
Roosevelt's administration's New create in 1933 -- its purpose was
Who created the Home Owner's
to refinance home mortgages currently in default to prevent
Loan Corporation?
foreclosures
, In what year did the Home in 1951 the FHL dissolved with a small cumulative net profit
Owner's Loan Corporation
dissolve?
enacted on June 28, 1934, also called the Capehart Act, was part
What did the National Housing
of the New Deal passed during the Great Depression in order to
Act of 1934?
make housing and home mortgages more affordable
What Act created the Federal The National Housing Act of 1934
Housing Administration (FHA)?
What are the goals of the improve housing standards and conditions, provide an adequate
Federal Housing Administration home financing system through insurance of mortgage loans,
(FHA)? and to stabilize the mortgage market
When and Why was the Federal the FSLIC was created as part of the National Housing Act of
Savings and Loan Deposit 1934 to insure deposits in savings and loans a year after the FDIC
Insurance? was created to insure deposits in commercial banks
in the 1980s, its responsibilities were transferred to the Federal
When did the FSLIC dissolve?
Deposit Insurance Corporation
The FDIC is a US government corporation operating as an
What is the FDIC?
independent agency created by the US Banking act of 1933
What was the purpose of the to calm consumers, and encourage buying/investing
FDIC when it was created?
What is the current level of $250,000
protection for each deposit
ownership category in each
insured banks?
the US housing authority was created during 1937 within the US
When and Why was the Federal
department of the Interior by the Housing Act of 1937 as part of
Housing Authority created?
Roosevelt's New Deal
What was the FHA designed to lend money to the states or communities for low cost housing
do? construction
When was the Federal National in 1938
Mortgage Association (FNMA)
founded?
It is a government sponsored enterprise GSE. It's purpose is to
expand the secondary mortgage market by securitizing
What is the purpose of FNMA? mortgages in the form of mortgage backed securities (MBS),
allowing lenders to reinvest their assets into more lending and in
effect increasing the number of lenders in the mortgage market
In what year did FNMA become 1968
a publicly traded company?
the FHLMC was created in 1970 to expand the secondary market
Why was the Federal Home for mortgages. It is a public government-sponsored enterprise
Loan Mortgage Corporation (GSE). Along with other GSEs, Freddie Mac buys mortgages on
(Freddie Mac) created? the secondary market, pools them, and sells them as a mortgage
backed security to investors on the open market
What type of mortgage has a 30 year mortgage
favorable mortgage interest
rates?
FHCE 3100 MOORMAN NEWEST EXAM 2025 | ALL
QUESTIONS AND CORRECT ANSWERS | GRADED A+ |
VERIFIED ANSWERS | LATEST VERSION
Save
Students also studied
Flashcard sets Study guides
SUPERIOR real estate final exam qu... RTPM 497 EXAM #3 AP Human Geograp
32 terms 40 terms Teacher 28 terms
Jay_Son16 Preview kuriachrisyuis Preview SADIE7207
What are the two largest Housing and transportation
expenditures for most
consumers?
What is the national 64.4%
homeownership rate?
What does the Discrimination race or color, religion, sex, national origin, familial status,
Fair Housing act prohibit disability
discrimination on the basis of?
What were people told create social and financial stability, created safer neighborhoods,
homeownership might do for create smarter children who do better in school
them?
When did the "own ur own in 1922 under then-secretary of commerce later president
house" government home Herbert Hoover
ownership promotion start?
During the great depression, in 1940, after the great bust of the 19230s, homeownership
what did US home ownership dropped to 44%
drop to?
Under which President was the Hoover in 1932
Federal Home Loan Banks (FHL)
created?
12 government-sponsored banks that provided stable, on-
What was the Federal Home demand, low-cost funding to American financial insinuations (non
Loans Banks (FHL)? individuals) for home mortgage loans, small business, rural,
agricultural, and economic development lending.
Roosevelt's administration's New create in 1933 -- its purpose was
Who created the Home Owner's
to refinance home mortgages currently in default to prevent
Loan Corporation?
foreclosures
, In what year did the Home in 1951 the FHL dissolved with a small cumulative net profit
Owner's Loan Corporation
dissolve?
enacted on June 28, 1934, also called the Capehart Act, was part
What did the National Housing
of the New Deal passed during the Great Depression in order to
Act of 1934?
make housing and home mortgages more affordable
What Act created the Federal The National Housing Act of 1934
Housing Administration (FHA)?
What are the goals of the improve housing standards and conditions, provide an adequate
Federal Housing Administration home financing system through insurance of mortgage loans,
(FHA)? and to stabilize the mortgage market
When and Why was the Federal the FSLIC was created as part of the National Housing Act of
Savings and Loan Deposit 1934 to insure deposits in savings and loans a year after the FDIC
Insurance? was created to insure deposits in commercial banks
in the 1980s, its responsibilities were transferred to the Federal
When did the FSLIC dissolve?
Deposit Insurance Corporation
The FDIC is a US government corporation operating as an
What is the FDIC?
independent agency created by the US Banking act of 1933
What was the purpose of the to calm consumers, and encourage buying/investing
FDIC when it was created?
What is the current level of $250,000
protection for each deposit
ownership category in each
insured banks?
the US housing authority was created during 1937 within the US
When and Why was the Federal
department of the Interior by the Housing Act of 1937 as part of
Housing Authority created?
Roosevelt's New Deal
What was the FHA designed to lend money to the states or communities for low cost housing
do? construction
When was the Federal National in 1938
Mortgage Association (FNMA)
founded?
It is a government sponsored enterprise GSE. It's purpose is to
expand the secondary mortgage market by securitizing
What is the purpose of FNMA? mortgages in the form of mortgage backed securities (MBS),
allowing lenders to reinvest their assets into more lending and in
effect increasing the number of lenders in the mortgage market
In what year did FNMA become 1968
a publicly traded company?
the FHLMC was created in 1970 to expand the secondary market
Why was the Federal Home for mortgages. It is a public government-sponsored enterprise
Loan Mortgage Corporation (GSE). Along with other GSEs, Freddie Mac buys mortgages on
(Freddie Mac) created? the secondary market, pools them, and sells them as a mortgage
backed security to investors on the open market
What type of mortgage has a 30 year mortgage
favorable mortgage interest
rates?
