Real Estate Finance Quiz 3
State-chartered savings and loans associations regulated by the California Department of Savings and Loans are authorized to lend up to what percent of the appraised value of the collateral for a real estate mortgage?
100%
Commercial banks tend to make loans for
Construction activities
Which of the following institutional lenders is increasing its participation in real estate finance?
Credit Union
The pension funds tend to invest in which of the following types of real estate investments?
Mortgage-backed securities
Life insurance companies become partners with project developers through the use of commercial loans called
Participation loans
All of the following sources of funds for real estate finance are considered financial intermediaries except
Sellers as lenders
Which of the following statements is true regarding life insurance companies?
They are more concerned with safety than with liquidity.
Savings institutions, major providers of home mortgage loans, are also referred to as
Thrifts
Which institutional lender has the most flexibility in mortgage lending activities?
Thrifts
The department in a commercial bank that manages relatively large quantities of money and property for their beneficiaries is the
Trust Department