unit 5 exam
Who or what entity directs the activities of credit unions?
A board of directors
Commercial banks offer interim financing in the form of ______ loans.
Construction
How is a mortgage banker paid?
Fees from originating and servicing loans
Commercial banks fall into which of the following category of lenders?
Institutional lenders
Construction loans are a type of ______ financing.
Interim
Life insurance companies are more concerned with long-term stability of investments than they are ___________.
Liquidity
Life insurance companies participate in real estate in the ______ arena.
Mortgage blocks from secondary mortgage market
What does NCUA stand for?
National Credit Union Administration
Joe works for a life insurance company that funds commercial investment projects and often insures these projects by insisting on an equity position. What type of financing does this describe?
Participation
Which of the following is true about mortgage brokers?
They don't service the loan beyond placement.