Which of the Following Developments Assured Mortgage Investors That They

question 6

Multiple Choice

Which of the following developments assured mortgage investors that they would receive interest and principal payments at little or no risk?

• A) The availability of hazard and title insurance
• B) The availability of mortgage default insurance and loan guarantees
• C) The development of standardized loan underwriting,processing,and servicing
• D) All of the above

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Definitions:

Fair Credit Reporting Act

A federal law in the United States designed to protect the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.

Consumer Credit Report

A document detailing an individual's credit history, used by lenders to assess creditworthiness for loans and credit.

Binding Credit Obligation

A legally enforceable promise or agreement that requires an individual or business to repay borrowed money or fulfill financial commitments.

Rescinds

To rescind is to revoke, cancel, or repeal a law, order, or agreement.