General Mortgage Knowledge Flashcards
1
Q
Fannie Mae aka
A
Federal National Mortgage Association
2
Q
Freddie Mac aka
A
Federal Home Loan Mortgage Corporation
3
Q
Ginnie Mae aka
A
The Government National Mortgage Association
4
Q
How many types Federal Law?
A
4 Constitutional Statutory Administrative Law Case Law
5
Q
Constitutional Law
A
the U.S. Constitution and its amendments as interpreted by the Courts
6
Q
Statutory Law
A
Legislative enactments such as U.S. public and private laws
7
Q
Administrative Law
A
Executive promulgations such as executive orders & agency regulations, interpretations, orders, etc.
8
Q
Case Law
A
Opinions of the U.S. courts establishing precedent
9
Q
Regulation
A
a general statement issued by an agency, board, or commission that has the force and effect of law
