Finance
What is the role of the secondary mortgage market in Wyoming real estate lending?
AIt directly originates mortgage loans to Wyoming borrowers
BIt purchases loans from primary lenders, providing liquidity for new lending✓ Correct
CIt regulates mortgage rates in Wyoming
DIt insures mortgage loans against default
Explanation
The secondary market (Fannie Mae, Freddie Mac, Ginnie Mae) purchases loans originated by primary market lenders, providing the lenders with funds to make new loans. This liquidity is essential to maintaining mortgage availability and standardized underwriting.
Related Wyoming Finance Questions
- In Wyoming, the Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating in lending based on all of the following EXCEPT:
- Wyoming has no state income tax. This affects real estate financing because:
- In Wyoming, a purchase-money mortgage is best described as:
- Wyoming's Permanent Wyoming Mineral Trust Fund, funded primarily by mineral severance taxes, affects real estate indirectly by:
- A Wyoming commercial loan for an office building in Cheyenne would most likely be structured as:
- What is the loan-to-value (LTV) ratio on a Wyoming property purchased for $400,000 with a $320,000 loan?
- A Wyoming FHA loan requires a minimum down payment of:
- A Wyoming buyer obtains seller financing with a 'due on sale' clause. This means:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →