Fannie Mae Offers Two Automated Underwriting Programs, One Called

question 11

Multiple Choice

Fannie Mae offers two automated underwriting programs, one called " Desktop Originator" that is for use:

• A) by an agent taking information on a laptop computer for transmittal to a seller/servicer who verifies and transmits the information to Fannie Mae
• B) to transmit information directly to Fannie Mae's Desktop Underwriter system
• C) prohibited to a real estate broker
• D) by any individual

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Goods And Services

The outputs offered in an economy for consumption, where goods are physical items and services are activities performed for others.

Socially Optimal

A condition or point at which the societal welfare is maximized, considering both efficiency and equity.

Marginal Social Cost

The total cost to society of producing an additional unit of a good, including both private costs and any externalities.