A straight conventional loan includes

a$.$ FHA insurance.

b$.$ a DVA guaranty.

c$.$ a private mortgage insurance agreement.

d$.$ no third party insurance or guarantees.

All of the following relationships are correct EXCEPT

a$.$ DVA L$/$V ratio $=100\%.$

b$.$ FHA$\frac{L}{V}$ ratio $=95\%.$

c$.$ conventional$-$guaranteed $\frac{L}{V}$ ratio $=90\%.$

d$.$ conventional $\frac{L}{V}$ ratio $=90\%.$

Private mortgage insurance companies usually charge the borrower a premium as a percentage of

a$.$ the entire amount of the loan.

b$.$ the bottom $75-80\%$ of the loan.

c$.$ the top $10-15\%$ of the loan.

d$.$ the balance of the loan.

The FHA is

a$.$ a loan insurance agency.

b$.$ a loan origination agency.

c$.$ a secondary market agency.

d$.$ a loan guaranty agency.

FHA loans made after December $1989$

a$.$ are assumable by investors.

b$.$ require qualification ratios of $31\%$ and $43\%.$

c$.$ are generally assumable without qualifying.

d$.$ do not release sellers from liability.