Bank Reconciliation Statements Questions and Answers

Open market operations OA) set interest rates B) mange bank accounts. C) buy and sell Treasuries. D) reserve the right to charge fees.

The purpose of the SAFE Act is to encourage states to establish minimum standards for the licensing and registration of mortgage loan originators and to A) promote a careful response to approaching borrowers. B) provide a safer environment for real estate professionals to work. C) provide more consumer protection and reduce fraud. D) help real estate professionals make more sales.

Mortgage-backed securities (MBS) backed by FHA and VA loans are insured by A) Fannie Mae. B) Ginnie Mae. C) Sallie Mae. D) Freddie Mac.

Primary mortgage markets consist of all of the following EXCEPT A) life insurance companies. B) Fannie Mae C) credit unions. D) private lenders