Question

Which of the following is not a major warehousing agency in the secondary mortgage market?

Ginnie Mae

Fannie Mae

Robbie Mac

Freddie Mac

Jamie bought a tax certificate for $3,200. What did Jamie actually purchase?

Immediate legal title to the foreclosed property

Nothing, Jamie simply paid for another person's taxes for nothing in return

Legal title to the property if the homeowner does not pay her back within 3 years

The right to apply for the property's deed by agreeing to pay the taxes due on that property

Answer 1

1. Which of the following is not a major warehousing agency in the secondary mortgage market-

Robbie Mac as per fact.

2. Jamie bought a tax certificate for $3,200. What did Jamie actually purchase-

The right to apply for the property's deed by agreeing to pay the taxes due on that property as per law.