Loans Made Within the Parameters and Using the Uniform Documents

question 5

Multiple Choice

Loans made within the parameters and using the uniform documents as required by Fannie Mae and Freddie Mac are known as:

• A) Fannie Mae or Freddie Mac loans
• B) Conforming loans
• C) Other Conventional loans
• D) Government standard loans

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Definitions:

Demographic Shifts

Changes in the composition of a population over time, such as those related to age, ethnicity, migration patterns, or birth and death rates.

Minority Groups

Social groups that are differentiated from the societal majority through distinctive cultural, ethnic, racial, or religious characteristics and often face disparities in power and resources.

Mortality Rates

The measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Immigration

The process of moving to a new country or region with the intention of settling and living there.