What does Ginnie Mae do? Select all that apply. A.Guarantees VA loans that allow no or 0% down payment so these loans can be sold on the secondary market.. B.Enforces the Truth in Lending Act C.Passed the Dodd Frank Wall Street Reform Act and Consumer Protection Act of 2010 D.Prevents discrimination and monitors lenders for discrimination against applicants in lending. E.Guarantees FHA loans that allow a low 3.5% down paymen
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
What does Ginnie Mae do? Select all that apply.
A.Guarantees VA loans that allow no or 0% down payment so these loans can be sold on the secondary market..
B.Enforces the Truth in Lending Act
C.Passed the Dodd Frank Wall Street Reform Act and Consumer Protection Act of 2010
D.Prevents discrimination and monitors lenders for discrimination against applicants in lending.
E.Guarantees FHA loans that allow a low 3.5% down payment so that they can be sold on the secondary market.
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