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May 15, 2024

re 192 why financing

As you saw in the first chapter, the mortgage market is complex. From the Federal Government down to the loan officers helping an individual qualify, every piece of the puzzle plays a role. For this assignment you have two options, pick one and write a few paragraphs in response.

A) What would happen if we did not have a Federally supported mortgage market? What would the challenges be for mortgage lending?

B) Describe some of the assumptions people have about the mortgage process and mortgage market? If you have never had a mortgage, what are some assumptions you have? If you have gotten a mortgage before, what are some assumptions you had and what do you know now?

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