Which of the Following Is NOT a Loan Classification with Freddie

question 4

Multiple Choice

Which of the following is NOT a loan classification with Freddie Mac's "Loan Prospector"?

• A) Rejected
• B) Accepted
• C) Refer
• D) Caution

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Definitions:

Advertised Price

The price of a product or service that is publicly promoted or communicated to potential customers.

House Brand

A product that is marketed and sold by a retailer under its own brand name, as opposed to a brand name owned by a supplier.

UPC Bar Code

Universal Product Code; a barcode symbology used for tracking trade items in stores primarily in the United States.

Consumer Protection Act

A set of laws designed to protect the rights and interests of consumers by regulating fair trade, competition, and accurate information in the marketplace.