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

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
Which of the following entities buys loans primarily through thrifts?
A.   FHLB
B.   Freddie Mac
C.   Fannie Mae
D.   Ginnie Mae
Question #2
Which entity guarantees mortgage-backed securities which have the full support of the U.S. government?
A.   Ginnie Mae
B.   FHLB
C.   Freddie Mac
D.   Farmer Mac
Question #3
Which of the following entities buys primarily conventional loans from large commercial banks?
A.   Ginnie Mae
B.   Fannie Mae
C.   Freddie Mac
D.   FHLB
Question #4
What are advances?
A.   Loans the Federal Reserve makes to member banks
B.   Loans the Federal Reserve makes to consumers
C.   Loans the Federal Home Loan Bank makes to consumers
D.   Loans the Federal Home Loan Bank 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 rural lenders
B.   Loans insured or guaranteed by U.S. government agencies
C.   Loans issued by commercial banks
D.   Loans issued by thrifts
Question #6
Which of the following types of properties may be eligible for purchase by Freddie Mac?
A.   A duplex used as a second home
B.   A commercial investment property
C.   A triplex purchased as a primary residence
D.   A single-unit commercial space
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.   Farmer Mac
B.   Ginnie Mae
C.   Freddie Mac
D.   FHLB
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 mortgage-backed security
B.   A real estate mortgage investment conduit
C.   A collateralized mortgage obligation
D.   An advance

Need help with your exam preparation?

Existing Quiz Clients Login here