Finance
When a Louisiana mortgage lender 'sells' a loan to Fannie Mae after origination, the borrower should expect:
AAn immediate change in the interest rate
BA possible change in where they send payments, but the loan terms remain the same✓ Correct
CThe loan balance to be forgiven
DAdditional appraisals to be required
Explanation
When a lender sells a mortgage to Fannie Mae (or another investor), the loan terms remain unchanged. The borrower may receive notice to send payments to a new servicer, but the interest rate, payment amount, and other terms are unaffected.
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