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Which of the following statements about mortgage insurance providers is/are true? Both statements are true. Neither statement is true. Statement 1: Private mortgage insurance providers

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Which of the following statements about mortgage insurance providers is/are true? Both statements are true. Neither statement is true. Statement 1: Private mortgage insurance providers sell insurance that protects the lenders, while government agencies provide mortgage insurance that protects the borrowers Statement 2: Mortgages insured by the FHA and VA are backed by the full faith and credit of the US government

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