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Question
A homeowner can obtain a $250,000, 30-year fixed-rate mortgage at a rate of 6.0% with zero points or at a rate of 5.5% with 2.25 points.Which one of the following entities is an actual government agency dealing with mortgages?
A. GNMA
B. FNMA
C. FHLMC
D. PIP
E. CMO
Answer
This answer is hidden. It contains 1 characters.
Related questions
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If a bank has a negative repricing gap, falling interest rates increase profitability.
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Explain how liquidity risk can lead to insolvency risk.
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B. Class B
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D. Class Z
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