CA Real Estate Finance Course » 2021 » Sec 6 Unit 3 Exam

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Question #1
Which of the following entities buys loans primarily through thrifts?
A.   Freddie Mac
B.   Ginnie Mae
C.   Fannie Mae
D.   FHLB
Question #2
Which entity guarantees mortgage-backed securities which have the full support of the U.S. government?
A.   Freddie Mac
B.   Farmer Mac
C.   FHLB
D.   Ginnie Mae
Question #3
Which of the following entities buys primarily conventional loans from large commercial banks?
A.   FHLB
B.   Ginnie Mae
C.   Fannie Mae
D.   Freddie Mac
Question #4
What are advances?
A.   Loans the Federal Home Loan Bank makes to member banks
B.   Loans the Federal Home Loan Bank makes to consumers
C.   Loans the Federal Reserve makes to consumers
D.   Loans the Federal Reserve makes to member banks
Question #5
Which of the following loan types can be packaged into a mortgage-backed security eligible for guarantee by Ginnie Mae?
A.   Loans issued by thrifts
B.   Loans issued by rural lenders
C.   Loans issued by commercial banks
D.   Loans insured or guaranteed by U.S. government agencies
Question #6
Which of the following types of properties may be eligible for purchase by Freddie Mac?
A.   A commercial investment property
B.   A triplex purchased as a primary residence
C.   A single-unit commercial space
D.   A duplex used as a second home
Question #7
If you were a farmer who obtained a loan for your business, it’s most likely that your lender will sell your loan to which of the following entities?
A.   FHLB
B.   Freddie Mac
C.   Farmer Mac
D.   Ginnie Mae
Question #8
Regional State Bank is a member bank of the Federal Home Loan Bank. In exchange for mortgage collateral, Regional State Bank received a loan from the FHLB so it can make additional loans to consumers. What is the loan called that Regional State Bank received?
A.   A real estate mortgage investment conduit
B.   An advance
C.   A mortgage-backed security
D.   A collateralized mortgage obligation

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