Ch 4 the secondary mortgage market

Question 1

The ______ exist for the purchase and sale of existing mortgages to investors

Answer 1

Secondary market

Question 2

What is it called when the money is earned on an investment

Answer 2

Yield

Question 3

Freddie Mac is also known

Answer 3

Federal home loan mortgage corporation

Question 4

What year was Freddie Mac established?

Answer 4

1970

Question 5

What does Fannie Mae stand for?

Answer 5

Federal national mortgage association

Question 6

What year was Fannie Mae founded

Answer 6

1938

Question 7

What does Ginnie Mae stand for?

Answer 7

Government national mortgage association

Question 8

What does farmer Mac stand for?

Answer 8

The federal agriculture mortgage corporation

Question 9

Secondary mortgage market was designed to provide greater liquidy into the residential real estate market, primarily by

Answer 9

The sale of mortgage loans as investments

Question 10

Loans originated to adhere to Fannie Mae, Freddie Mac, and ginnie Mai requirements for purchases are called

Answer 10

Conforming loans

Question 11

What following housing objectives does Fannie Mae address?

Answer 11

Regional and balances of available, mortgage, credit, the origination of mortgages for sale, the standardization of mortgage loans