8. Assumable loans and carry backs:

a. have totally replaced FHA and VA financing

b. are examples of what is termed creative financing

c. are short term loans with balloon payments

d. are two forms of FHA financing

9. Disintermediation refers to:

a. the withdrawal of funds from financial institutions by depositors to take advantage of higher rates

b. financial institutions withdrawing from the Federal Reserve System

c. financial institutions shifting from FHA loans to conventional loans

d. none of the above

10. The tilt problem causes the real payment on a fixed rate mortgage to be:

a. high at the beginning and low at the end

b. low at the beginning and high at the end

c. high at the beginning and end and low in the middle

d. low at the beginning and end and high in the middle

11. The longer the time between rate adjustments on an adjustable rate mortgage:

a. The less risk assumed by the lender

b. The less probability of prepayment

c. The more risk assumed by the lender

d. The greater the fluctuation in the rate on the loan