Chapter 16 Flashcards
1
Q
Who I trudged the first security backer by conventional loans in 1970?
A
Freddie Mac
2
Q
The ratio of the loan principal to the value of the property is called ….
A
Loan to value ratio
3
Q
Any loan that exceeds the conforming loan limits set by Fannie Mae and Freddie Mad is called what ?
A
A “jumbo” loan
