Real Estate Principles II - Level 3 Financing
Authored by James Marshall
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12th Grade
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38 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mike is talking to a lender directly about getting a loan, he is participating in the:
Primary Mortgage Market
Secondary Mortgage Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mortgage loans are bundled and sold to investors on the:
Primary Mortgage Market
Secondary Mortgage Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The vast majority of mortgage loans that are created in the primary mortgage market are bundled and sold to what is known as the ______________
Primary Mortgage Market
Secondary Mortgage Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The place where mortgages are bought and sold.
Primary Mortgage Market
Secondary Mortgage Market
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
(GSE) Government Sponsored Enterprise but not owned by the government (Two are correct).
Fannie Mae: Federal National Mortgage Association (FNMA)
Freddie Mac: Federal Home Loan Mortgage Corporation (FHLMC)
Ginnie Mae: Government National Mortgage Association (GNMA)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A government-owned entity that supports the secondary mortgage market by guaranteeing mortgage-backed securities (MBSs) insured by the U.S. government
Fannie Mae: Federal National Mortgage Association (FNMA)
Freddie Mac: Federal Home Loan Mortgage Corporation (FHLMC)
Ginnie Mae: Government National Mortgage Association (GNMA)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A government-sponsored enterprise created in 1970 to further support the secondary mortgage market, and specifically, to support smaller thrift banks
Fannie Mae: Federal National Mortgage Association (FNMA)
Freddie Mac: Federal Home Loan Mortgage Corporation (FHLMC)
Ginnie Mae: Government National Mortgage Association (GNMA)
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