Section 5, Unit 2: Secondary Mortgage Market Concepts

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Which of the following is regulated by the Federal Housing Finance Agency?

Fannie Mae

A qualified mortgage is ______.

One that meets stringent CFPB guidelines

Which agency sets the guidelines for qualified mortgages?

The Consumer Financial Protection Bureau

In 2008, as a response to the 2007 financial crisis, the Federal Housing Finance Agency began acting as conservator over which institutions?

Fannie Mae and Freddie Mac


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