13. The foremost single source of funds for residential mortgage loans in this country has been A. Savings and loans associations B. Commercial banks C. Insurance companies D. Mortgage companies

14. In order to make adjustable rate mortgage loans more attractive to borrowers, lenders offer A. Lower initial interest rates B. Gifts such as appliances C. Lower insurance rates D. Lower down payments

15. Taxes on real property are levied A. On first come first serve basis B. On an ad-valorem basis C. By the real estate commission D. By the mortgage company

16. ARM loans with teaser rates are avoided by A. Secondary Market Buyers B. Tax associations C. Variable rate mortgages D. Wraparound loans