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8 Cards in this Set
- Front
- Back
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When the money supply is limited and the demand is great, this is known as ______ _______.
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TIGHT MONEY
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When a group of investors pool its money together to buy real estate, it is known as a ____ ____ _____ ______.
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REAL ESTATE INVESTMENT TRUST
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What is something related to the Federal Housing Administration?
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INSURANCE ( they insure the loans made by approved lenders)
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The process of depositors removing funds from savings is called ______.
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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" |
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Is there a limit on the maximum amount a Veteran can pay for a home?
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NO
(this is a loan guarantee. No down payment, there can be a max. loan amount, must prove eligibility) |
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What is the MAJOR role of a mortgage company?
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ORIGINATE LOANS WHICH ARE SOLD ON THE SECONDARY MORTGAGE MARKET.
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Secondary Mortgage markets redistribute funds from _____ to _____.
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money "rich"
money "poor" |
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Conventional First Trust Deeds in California are mostly financed by:
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SAVINGS BANKS
(formerly known as Savings and Loans. ) |
