Studying for your real estate license exam? Check out our resources on all the definitions you need to know while studying for your real estate exam.
The mortgage industry is a major financial sector in the U.S. It establishes various organizations and programs to promote mortgage lending and to offer affordable home financing. These programs include Fannie Mae, Ginnie Mae, and Freddie Mac. The government-sponsored organizations …
There are government-backed organizations that perform various roles to make it easier for people to obtain homeownership at reasonable rates. With the help of these organizations, lenders, investors, and bank regulators invest more in mortgages by purchasing and issuing them. …
There are various government-based organizations that buy mortgages from lenders and package these loans into mortgage-backed securities or hold them in their portfolios. These companies help stabilize the mortgage market by investing in them. They expand the pool of funds …
A conventional mortgage is challenging to qualify for, especially if the borrower has a bad credit score. In such situations, a purchase money mortgage is helpful as it allows borrowers with a bad credit score to buy a home. This …
The Sherman Act regulates all kinds of businesses within the United States, preventing them from forming monopolies and infringing on consumer rights. But what does that have to do with the real estate industry? The Sherman Act plays a vital …
When was the last time you caught up on your American history? Being aware of current fair housing laws is essential to passing the real estate exam, but it is just as important to understand where they came from in …