Which of following best describes a Ginnie Mae security? It is a mortgage-backed bond that is owned by the Federal government. It is a fictional security used as an example only. It is a CMO bond issued by Fannie Mae or Freddie Mac. It is a pass-through security containing FHA VA loans and backed with a government payment guarantee. It is a pass-through security issued by Ginnie Mae. Mortgage loan servicing involves which of the following? More than one answer may be correct; write down the letter of correct answer. Evaluating the information in the loan application and deciding whether to approve the mortgages Receiving processing the payment from the borrower and forwarding the proper amounts to investors with claims on these payments Following up with borrowers who have become delinquent on their mortgages Managing the borrower's escrow account Funding the loan for the borrower Packaging the loan into a pool with other mortgages so that it can be sold on the secondary market Which of the following are likely sources of long-term, permanent financing for commercial real estate? More than one may be correct, write down the letter each correct answer. Life insurance companies Pension funds Freddie Mac Ginnie Mae Real estate investment trusts Private individuals ______ use warehouse lines of credit to originate loans with the specific goal of quickly selling them on the secondary market. Depository institutions Mortgage brokers Life insurance companies Government sponsored enterprises Mortgage banks