Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/8

Click to flip

8 Cards in this Set

  • Front
  • Back
When the money supply is limited and the demand is great, this is known as ______ _______.
TIGHT MONEY
When a group of investors pool its money together to buy real estate, it is known as a ____ ____ _____ ______.
REAL ESTATE INVESTMENT TRUST
What is something related to the Federal Housing Administration?
INSURANCE ( they insure the loans made by approved lenders)
The process of depositors removing funds from savings is called ______.
DISINTERMEDIATION

( the savings money is what banks lenders use as loaning money..usually required to keep a certain % of deposits in the savings catagory reserve"
Is there a limit on the maximum amount a Veteran can pay for a home?
NO

(this is a loan guarantee. No down payment, there can be a max. loan amount, must prove eligibility)
What is the MAJOR role of a mortgage company?
ORIGINATE LOANS WHICH ARE SOLD ON THE SECONDARY MORTGAGE MARKET.
Secondary Mortgage markets redistribute funds from _____ to _____.
money "rich"
money "poor"
Conventional First Trust Deeds in California are mostly financed by:
SAVINGS BANKS

(formerly known as Savings and Loans. )