Which of the Below Statements Is FALSE

question 58

Multiple Choice

Which of the below statements is FALSE?

• A) If a lender decides to lend the funds, it sends a commitment letter to the applicant whereby this letter commits the lender to provide funds to the applicant.
• B) At the time the application is submitted, the mortgage originator will give the applicant a choice among various types of mortgages.
• C) Mortgage originators cannot sell the mortgage to an investor that wishes to hold the mortgage in its portfolio.
• D) The interest rate that the originator will set on the loan, referred to as the note rate, will depend on the interest rate required by the investor who plans to purchase the mortgage.

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Definitions:

Sustainable Water

Practices and technologies that manage water resources to meet current and future human demands without harming the environment.

Stewardship Worldview

a perspective that emphasizes responsible management and care of the environment and natural resources.

Anthropocentric

A perspective that views humans as the most important entities in the universe, often leading to the evaluation of environmental issues primarily in terms of human interests.

Consequentialism

An ethical theory that judges whether something is right based on its consequences.