Municipal Bond Programs in Georgia

commercial space

A loan to purchase which of the following property types is NOT eligible for purchase by Fannie Mae?

participation certificate

A mortgage-backed security issued by Freddie Mac

Federal Deposit Insurance Corporation

FDIC

Georgia Residential Finance Authority

GRFA

collection fee

Synergy National Bank issued a conventional loan that is eligible for purchase by Fannie Mae. When Fannie Mae purchases the loan, what will Synergy National Bank receive in return?

National Credit Union Administration

What does NCUA stand for?

with a contract for deed

What's the most common way that a seller can help a buyer come up with the funds to complete a real estate transaction?

collection

When Fannie Mae purchases a loan, they pay the loan originator a(n) ______ fee.

Fannie Mae

Which institution was created as the Federal National Mortgage Association in 1938?

board of directors

Who or what entity directs the activities of credit unions?

The Credit Union Membership Access Act

became effective in 1999, allowing credit unions to solicit membership from much wider criteria.

the risks involved

Anna is selling her home and met a nice young couple she really wanted to sell to, but they couldn't get financing. If Anna agrees to carry part of the loan for the buyers, what does she need to understand?

Computerized Loan Origination systems

CLO'S

FNMA

what acronyms is used to represent Fannie Mae?