When a Lender Who's Primary Aim Is to Pool Mortgages

question 6

Multiple Choice

When a lender who's primary aim is to pool mortgages to resell or commit them to a Mortgage Back Security and then service the mortgages uses a funding vehicle called a:

• A) REMIC
• B) Mortgage Conduit
• C) Ginnie Mae
• D) Warehouse Line

Understand considerations for web content development and management.

Recognize methods for ensuring reliability and validity in research.

Understand organizational methods for information and reports.

Appreciate the complexities of writing analytical reports compared to informational reports.

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a designated person at a fixed or determinable future time.

Limited Status

A condition where certain rights or privileges are restricted or not fully granted compared to full status.

Partnership Agreement

A contract among partners in a business that outlines the terms of the relationship, including contributions, distributions, and decision-making.

New Business Venture

A newly established business endeavour, typically characterized by innovation, entrepreneurship, and risk.