Finance
The primary market in real estate finance is where:
AInvestors buy and sell mortgage-backed securities
BLoans are originated directly between borrowers and lenders (banks, credit unions, mortgage companies)✓ Correct
CFannie Mae and Freddie Mac purchase loans
DThe Federal Reserve sets interest rates
Explanation
The primary mortgage market is where lenders make loans directly to borrowers. The secondary market is where those loans are sold to investors (Fannie Mae, Freddie Mac, Ginnie Mae, etc.
Related Mississippi Finance Questions
- Under RESPA, lenders are required to provide borrowers with the 'Special Information Booklet' when the loan application involves:
- What is the primary purpose of a mortgage 'escrow account' (impound account) held by a Mississippi lender?
- A Mississippi lender offers a 2/1 buydown on a mortgage. This means the interest rate is:
- Which type of mortgage loan is guaranteed by the U.S. Department of Veterans Affairs and available to eligible veterans purchasing property in Mississippi?
- RESPA (Real Estate Settlement Procedures Act) prohibits:
- A Mississippi borrower's credit report shows a 'charge-off' from 4 years ago. A charge-off means:
- Which of the following best describes a purchase money mortgage in Mississippi?
- A Mississippi lender requires a borrower to maintain a hazard insurance policy with coverage at least equal to the:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →