Hayden is training a new MLO on conforming loan limits. Which statement is accurate?
Correct Answer
D) 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
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