Mortgage Originators Often Offer Many Types and Forms of Available

question 8

Multiple Choice

Mortgage originators often offer many types and forms of available residential loans as part of their mortgage menu. However, the predominant form of prime conventional mortgage remains the:

• A) (fixed-rate) level payment mortgage (LPM)
• B) adjustable rate mortgage (ARM)
• C) subprime mortgage
• D) alt-A mortgage

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Definitions:

Latency

Latency refers to the delay or period of inactivity between a stimulus and its corresponding response.

Harmony

A pleasing combination or arrangement of different things, often referring to a state of agreement or tranquility.

Dominate

To have control or power over; to be the most influential factor in.

Function

In mathematics and computer science, a specific relation or expression involving one or more inputs and a single output.