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Government sponsored enterprises are prohibited from 1. buying loans 2. making a profit 3. servicing loans they purchased 4. hiring a subservicer QUESTION 90 Which

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Government sponsored enterprises are prohibited from 1. buying loans 2. making a profit 3. servicing loans they purchased 4. hiring a subservicer QUESTION 90 Which form must be provided within 3 business days of receipt of a mortgage loan application? 1. The Good Faith Estimate 2. The HUD-1 3. The Fannie Mae 1003 4. The Appraisal (URAR) QUESTION 91 An adjustable rate mortgage is considered 1. risky, because of the potential rate and payment increase 2. a betier deal by most 3. a moncy maker for the lenders 4. a gamble QUESTION 92 What would be the least nisky construction loan for a lender? 1. Homeowner building a primary residence 2. Builder spee house 3. Multi family home rehab 4. Second mortgage for rehab job

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