Which One of the Following Is Not True About Privately

question 61

Multiple Choice

Which one of the following is not true about privately issued passthroughs (PIP)

• A) They are similar to "Ginnie Maes" in that they are backed by mortgages that qualify for FHA or VA guarantees.
• B) PIPs are issued by private institutions or mortgage bankers.
• C) They are similar to "Ginnie Maes" except that they are backed by conventional mortgages that do not qualify for FHA or VA guarantees.
• D) They are typically used to securitize large, non-conforming mortgage loans called jumbo loans.

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Definitions:

Practical Reasoning

The process of figuring out what to do in a given situation, or determining the best course of action based on rational thinking.

Reflectivity

The ability to think about one's own thoughts, feelings, and behaviors critically and analytically.

Wisdom

The ability to think and act using knowledge, experience, understanding, common sense, and insight.

Competence Stage

A phase in the learning process or skill development where an individual gains the ability to perform tasks effectively, yet requires conscious effort to execute.