A branch supervisor asks Cameron how to handle conforming loan limits. What should Cameron recommend?
Correct Answer
B) Apply conforming limits only to GSE conventional eligibility
FHFA conforming loan limits define maximum principal amounts for Fannie Mae and Freddie Mac acquisition. The best answer is "Apply conforming limits only to GSE conventional eligibility".
Why This Is the Correct Answer
FHFA conforming loan limits define maximum principal amounts for Fannie Mae and Freddie Mac acquisition. The best answer is "Apply conforming limits only to GSE conventional eligibility".
More Mortgage Knowledge Questions
A branch supervisor asks Cameron how to handle HELOC and open-end credit rules and open-end credit rules. What should Cameron recommend?
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A borrower scenario raises a question about HELOC and open-end credit rules and open-end credit rules. Which answer should Frankie rely on?
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during a conventional and conforming loan rules review, a branch supervisor identifies an issue involving conventional and conforming loan rules. Which response is most compliant?
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