8004 PRMIA PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics exact Exam Questions

PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics

Last Update 22 hours ago Total Questions : 110

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Question # 31

The financial intermediary services provided by Fannie Mae and Freddie Mac were designed to

Offer loans directly to the consumer

Compete directly with banks in selling mortgaged to would-be home owners

Repackage mortgage loans made by banks and sell them on to investors as asset backed securities

Buy mortgage-backed loans for banks and keep them all on their books, using them as collateral for the US government to borrow

Question # 32

When Fannie Mae and Freddie Mac were taken under US government conservatorship, which of the following was not included within their operating mandate?

Fannie Mae and Freddie Mac will continue to buy home loans from banks to repackage them as mortgage-backed securities

The US government will provide capital as needed in return for preferred shares in the companies

The US government will buy mortgage-backed securities in the open market as needed

There was a 2 year limit to the conservatorship