Finance
The secondary mortgage market in Nebraska primarily involves:
ASecond mortgage loans behind a primary lender
BThe buying and selling of existing mortgage loans (such as by Fannie Mae and Freddie Mac)✓ Correct
CSubprime mortgage lending in lower-income areas
DState-sponsored mortgage assistance programs
Explanation
The secondary market is where existing mortgage loans are bought and sold — primarily by Fannie Mae (FNMA), Freddie Mac (FHLMC), and Ginnie Mae. This provides liquidity for lenders to originate new loans.
Related Nebraska Finance Questions
- What is the maximum loan limit for an FHA conforming loan in a standard-cost area for a single-family home (approximate 2024 baseline)?
- The Real Estate Settlement Procedures Act (RESPA) prohibits:
- A lender's recourse in Nebraska against a borrower in a non-judicial (deed of trust) foreclosure is typically limited to:
- The debt service coverage ratio (DSCR) for a Nebraska commercial property is calculated as:
- Points paid on a mortgage loan are:
- Private mortgage insurance (PMI) is typically required when a conventional loan has an LTV ratio greater than:
- A Nebraska commercial lender requires a debt service coverage ratio (DSCR) of 1.25. A property has an NOI of $100,000. The maximum annual debt service the lender will approve is:
- Nebraska's 'Truth in Lending Rescission' right applies to which transactions?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →