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

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