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부동산

Real Estate Practice - 28 (Understanding-Answers)

2019.04.26 21:29 Views : 97

Check Your Understanding-Answers

  1. What is the role of the Fed? 

    To stabilize the economy through the judicious handling of the money supply and credit available in the US.
     
  2. Explain the difference between the primary and secondary mortgage markets. 

    The primary market lends money directly. 
    The secondary market buys, sells and trades loans.
     
  3. Differentiate between mortgage brokers and mortgage bankers. 

    Mortgage bankers originate loans. 
    Mortgage brokers act as middlemen to bring borrowers and lenders together.
     
  4. What do Fannie Mae and Ginnie Mae do that Freddie Mac does not? 

    Guarantee payment of mortgages. 
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