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Affinity Tutoring Training Packet - Mortgage Markets

Authored by Mercy Hdez

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University

Used 4+ times

Affinity Tutoring Training Packet - Mortgage Markets
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mortgage?

A written instrument using real property to secure repayment of a debt

A type of insurance

A government grant

A savings account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is part of the PRIMARY MARKET (Consumer Market)?

Fannie Mae

Mortgage Banker

Freddie Mac

Ginnie Mae

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Mortgage Broker facilitates loan origination for financial institutions for a _____

fee

loan

deposit

guarantee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a part of the PRIMARY MARKET?

Commercial Banks

Credit Unions

Freddie Mac

Mutual Savings Banks

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which government-sponsored enterprise (GSE) is the largest mortgage investor?

Freddie Mac

Fannie Mae

Ginnie Mae

The Federal Home Loan Bank System

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Ginnie Mae purchases and sells loans.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Freddie Mac was created in _____

1970

1965

1985

1995

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