Finance
In Hawaii, which government-sponsored enterprise (GSE) specifically supports affordable housing for lower-income buyers?
AA. Fannie Mae only
BB. Freddie Mac only
CC. Both Fannie Mae and Freddie Mac have affordable housing programs, as does Ginnie Mae (FHA/VA loans)✓ Correct
DD. The Federal Reserve
Explanation
Fannie Mae and Freddie Mac both have affordable housing programs; Ginnie Mae securitizes government-backed loans (FHA, VA, USDA) which serve lower-income and special populations.
Related Hawaii Finance Questions
- In Hawaii, what is the 'principal' portion of a mortgage payment and how does it change over time?
- What is 'assumable mortgage' and why might it be valuable in Hawaii in a rising rate environment?
- In Hawaii, what is a 'co-signer' (co-borrower) on a mortgage loan?
- In Hawaii, which type of mortgage is characterized by payments that increase over time to account for an expected rise in the borrower's income?
- Under RESPA, a lender must provide a borrower with the Loan Estimate within how many business days of receiving a completed loan application?
- In Hawaii, what is a 'participation mortgage'?
- In Hawaii, what does 'seasoning' mean in the context of mortgage lending?
- A Hawaii property is purchased for $500,000. The buyer obtains a mortgage for $400,000. What is the LTV ratio?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →