Questions 31-41 are related to content from Section 6 of the Student Manual, "Financing Principles" and its related textbook readings (Chapter 13). 31. A mortgage is A. a promise to repay a debt. B. the debt incurred from a loan. C. a means of using property as security for a loan. D. also known as a promissory note. 32. The clause in a mortgage that returns the lender's interest to the borrower when the debt is repaid is called the A. defeasance clause. B. acceleration clause. C. alienation clause. D. condemnation clause. 33. The clause that gives the lender the right to call the entire loan balance due immediately if the borrower violates any of the contract provisions is called the A. defeasance clause. B. acceleration clause. C. alienation clause. D. condemnation clause. 34. Which of the following is NOT a benefit of the secondary mortgage market? A. It is a continuing source of funds to lenders. B. It promotes convenient, consistent services to consumers on a national level. C. It helps create a standard for loan documentation. D. It increases availability of funds for mortgage loans. bid to telarmation
Questions 31-41 are related to content from Section 6 of the Student Manual, "Financing Principles" and its related textbook readings (Chapter 13). 31. A mortgage is A. a promise to repay a debt. B. the debt incurred from a loan. C. a means of using property as security for a loan. D. also known as a promissory note. 32. The clause in a mortgage that returns the lender's interest to the borrower when the debt is repaid is called the A. defeasance clause. B. acceleration clause. C. alienation clause. D. condemnation clause. 33. The clause that gives the lender the right to call the entire loan balance due immediately if the borrower violates any of the contract provisions is called the A. defeasance clause. B. acceleration clause. C. alienation clause. D. condemnation clause. 34. Which of the following is NOT a benefit of the secondary mortgage market? A. It is a continuing source of funds to lenders. B. It promotes convenient, consistent services to consumers on a national level. C. It helps create a standard for loan documentation. D. It increases availability of funds for mortgage loans. bid to telarmation
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Please fast answer.
Transcribed Image Text:Questions 31-41 are related to content from Section 6 of the Student Manual, "Financing Principles" and its related
textbook readings (Chapter 13).
31. A mortgage is
A. a promise to repay a debt.
B. the debt incurred from a loan.
C. a means of using property as security for a loan.
D. also known as a promissory note.
32. The clause in a mortgage that returns the lender's interest to the borrower when the debt is repaid is called the
A. defeasance clause.
B. acceleration clause.
C. alienation clause.
D. condemnation clause.
33. The clause that gives the lender the right to call the entire loan balance due immediately if the borrower violates any of the
contract provisions is called the
A. defeasance clause.
B. acceleration clause.
C. alienation clause.
D. condemnation clause.
34. Which of the following is NOT a benefit of the secondary mortgage market?
A. It is a continuing source of funds to lenders.
B. It promotes convenient, consistent services to consumers on a national level.
C. It helps create a standard for loan documentation.
D. It increases availability of funds for mortgage loans.
id to information
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education