Flashcard 3 - Financing Flashcard Set for the Real Estate License Exam
Back
The correct answer is:
The loans meet Fannie Mae and Freddie Mac standards.
Explanation:
Most conventional loans fit this description, allowing the lender to sell the loan for use on the secondary mortgage market with Fannie and Freddie. Most of the transactions on the secondary market involve Fannie and Freddie, so they set the standards.
All Flashcard Sets for the Real Estate License Exam are now available as downloadable PDFs