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10 Cards in this Set
- Front
- Back
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savers deposit funds into commercial banks, savings associations, and mutual savings banks, which then lend the funds to homebuyers and other borrowers
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intermediation
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occurs when funds are withdrawn from intermediary financial institutions, such as banks and savings associations, and are invested in instruments yielding a higher return.
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disintermediation
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is not a financial intermediary
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mortgage company
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the primary purpose of fannie mae is to
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purchase real estate loans to replenish the supply of mortgage money
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the office of thrift supervision regulates
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savings associations
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the interest rate charged member banks for borrowing funds from the federal reserver bank
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the discount rate
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the primary purpose of freddie mac is to
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purchase conventional loans from savings associations
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when investors by pass thrift institutions for direct investment elsewhere, the process is called
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disintermediation
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life insurance companies do not have
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demand deposits
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when a mortgage is being assigned who should get an estoppel certificate from who
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assignee from mortgagor
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