Before the file moves forward, Quinn must resolve an issue involving conforming loan limits. What should happen?
Correct Answer
C) Check high-cost-area limits before classifying the loan
FHFA conforming loan limits define maximum principal amounts for Fannie Mae and Freddie Mac acquisition. The best answer is "Check high-cost-area limits before classifying the loan".
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 "Check high-cost-area limits before classifying the loan".
More Mortgage Knowledge Questions
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