principle 9

Principle 9 - 1 Government borrowing from private investors takes place when the Treasury A sells interest-bearing securities 2 The secondary

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1. Government borrowing from private investors takes place when the Treasury: A. sells interest-bearing securities 2. The secondary market: The secondary market: A. moderates extremes in the real estate market B. involves the purchase and sale of home mortgage loans C. sets underwriting standards for mortgage loans D. All of the Above D 3. A commercial bank loans money to a homebuyer without following the major secondary market agencies' underwriting standards. The bank: A. probably cannot sell the loan to Fannie Mae 4. Benjamin signs a note for $10,000 at 8% interest to be paid off in three years. His payments will be $800 a year during the loan term. At the end of three years, he will pay off the full $10,000. Benjamin has a: A. straight note 5. An alienation clause: D. provides for acceleration of the loan if the property is sold 6. The longest time an owner may be able to remain in possession of a judicially foreclosed property after the sheriff's sale without redeeming the property would be:
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This note was uploaded on 01/29/2012 for the course REAL 1 taught by Professor Haynes during the Fall '11 term at West Valley.

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Principle 9 - 1 Government borrowing from private investors takes place when the Treasury A sells interest-bearing securities 2 The secondary

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