ssign... 10P-Spring 2025-B... ces Review View Help word.cloud.microsoft V My Courses eCampus: Business... C Document 6.docx Gac Search for tools, help, and more (Option + Q) 2 A A くくく V X2 Ab A = = = = 、 ✓ ont Paragraph <पा पा Normal Aptos, 12 Styles У > N ן Comments Q Find Replace ▷ Select Editing V E Editor Add-ins V Proofing Add-ins 4. Becky Smith signed a note in the amount of $200,000 in favor of Country Home Loans, Inc., to obtain a loan to buy a house in Marrero, Louisiana. The note was endorsed "Pay to without recourse Country Home Loans, Inc." Almost five years the order of later Smith defaulted on the payments. The Federal National Mortgage Association (Fannie Mae) wanted to foreclose on the house and sell it to recover the balance due. Smith argued that the words "to the order of that Fran " in the endorsement made the note an incomplete order instrument and that Fannie Mae could not enforce it. What is Fannie Mae's best response to this argument? ditor Suggestions: Hidden 80 F3 Q F4 해요 F5 MacBook Air F6 & 7 29 91 # 3 4 % 5 6 A F7 * 8 DII F8 ་ - F9 Design く 2 9 0 D F10 +

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What is frannie Mae's best response to this arguement? 

ssign...
10P-Spring 2025-B...
ces
Review
View
Help
word.cloud.microsoft
V My Courses
eCampus: Business...
C Document 6.docx
Gac
Search for tools, help, and more (Option + Q)
2 A A
くくく
V
X2 Ab A = = = =
、 ✓
ont
Paragraph
<पा पा
Normal
Aptos, 12
Styles
У
>
N
ן
Comments
Q Find
Replace
▷ Select
Editing
V
E
Editor
Add-ins
V
Proofing
Add-ins
4. Becky Smith signed a note in the amount of $200,000 in favor of Country Home Loans,
Inc., to obtain a loan to buy a house in Marrero, Louisiana. The note was endorsed "Pay to
without recourse Country Home Loans, Inc." Almost five years
the order of
later Smith defaulted on the payments. The Federal National Mortgage Association (Fannie
Mae) wanted to foreclose on the house and sell it to recover the balance due. Smith argued
that the words "to the order of
that Fran
" in the endorsement made the note an
incomplete order instrument and that Fannie Mae could not enforce it. What is Fannie
Mae's best response to this argument?
ditor Suggestions: Hidden
80
F3
Q
F4
해요
F5
MacBook Air
F6
&
7
29
91
#
3
4
%
5
6
A
F7
* 8
DII
F8
་
-
F9
Design
く
2
9
0
D
F10
+
Transcribed Image Text:ssign... 10P-Spring 2025-B... ces Review View Help word.cloud.microsoft V My Courses eCampus: Business... C Document 6.docx Gac Search for tools, help, and more (Option + Q) 2 A A くくく V X2 Ab A = = = = 、 ✓ ont Paragraph <पा पा Normal Aptos, 12 Styles У > N ן Comments Q Find Replace ▷ Select Editing V E Editor Add-ins V Proofing Add-ins 4. Becky Smith signed a note in the amount of $200,000 in favor of Country Home Loans, Inc., to obtain a loan to buy a house in Marrero, Louisiana. The note was endorsed "Pay to without recourse Country Home Loans, Inc." Almost five years the order of later Smith defaulted on the payments. The Federal National Mortgage Association (Fannie Mae) wanted to foreclose on the house and sell it to recover the balance due. Smith argued that the words "to the order of that Fran " in the endorsement made the note an incomplete order instrument and that Fannie Mae could not enforce it. What is Fannie Mae's best response to this argument? ditor Suggestions: Hidden 80 F3 Q F4 해요 F5 MacBook Air F6 & 7 29 91 # 3 4 % 5 6 A F7 * 8 DII F8 ་ - F9 Design く 2 9 0 D F10 +
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