ESTIONS

Mortgage brokers do all of the following EXCEPT

a$.$ arrange mortgages.

b$.$ collect payments.

c$.$ collect placement fees.

d$.$ act as noninstitutional lenders.

The success of a mortgage broker depends upon all of the following EXCEPT

a$.$ underwriting ability.

b$.$ the number of defaulted loans.

c$.$ continuing relationship with investors.

d$.$ continuing supervision of the loan.

Mortgage bankers do all of the following EXCEPT

a$.$ accept savings deposits.

b$.$ collect payments.

c$.$ arrange discounts.

d$.$ lend their own money.