RLE 83 Final Prep Ch 12

Front

Freddie Mac’s Loan Prospector® is an electronic

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underwriting service.

Front

Fannie Mae participates in all of the following activities except

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making loans directly to borrowers.

Front

Fannie Mae replaced its free-market system auction with a(n)

Back

administered price system.

Front

The secondary mortgage market provides all of the following benefits except: stabilizing the mortgage money markets, freeing capital for lenders, distributing money nationally.

Back

reducing discounts on resale of loans.

Front

When mortgages are sold to investors, funds are circulated from

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money-rich areas to money-poor areas.

Front

Fannie Mae is owned by

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its shareholders.