Question
Which of the following statements about a conforming loan is (are) TRUE: I: It is a conventional laon that meets the underwriting standard of GSE's
Which of the following statements about a conforming loan is (are) TRUE:
I: It is a conventional laon that meets the underwriting standard of GSE's like Fannie Mac and Freddie Mac.
II: These loans provide liquidity to the original lender (such as a banks) as they can be sold to GSE's like Fannie Mae and Freddie Mac.
A. I and II
B. None
C. II only
D. I only
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Restructuring And Innovation In Banking
Authors: Claudio Scardovi
1st Edition
331940203X, 978-3319402031
