What is a non-institutional lender?
Noninstitutional lender or “noninstitutional source” means a person, other than a state or federally regulated banking or financial institution, who loans money or supplies financing to an applicant or a licensee.
Which of the following is an example of a non-institutional lender quizlet?
Terms in this set (98) INSTITUTIONAL LENDERS = Savings banks, Commercial banks, Life insurance companies, Pension Funds. NON-INSTITUTIONAL LENDERS = Mortgage Companies, Private parties (lenders), Real Estate Investment Trusts, Credit Unions.
Which of the following is an example of an institutional lender?
In the secondary mortgage market, savings and loan associations, savings banks, life insurance companies, commercial banks, and pension funds act as institutional lenders. financial intermediary who invests in loans and other securities on behalf of depositors or customers.
Which of the following is not an institutional lender group of answer choices?
Which of the following is NOT an institutional lender? Mortgage companies (Not government regulated lenders).
What is institutional lender?
Institutional Lender means one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts, any other lender regularly engaged in …
What is conventional financing?
A conventional loan is a mortgage loan that’s not backed by a government agency. Conventional loans are broken down into “conforming” and “non-conforming” loans. … However, some lenders may offer some flexibility with non-conforming conventional loans.
What makes a loan non conforming?
A non-conforming loan is simply any mortgage that doesn’t conform to the requirements set forth by Fannie Mae and Freddie Mac. Non-conforming loans commonly include jumbo loans (those above Fannie Mae and Freddie Mac limits) and government-backed loans like VA loans, FHA loans or USDA loans.
Which of the following is not really a deed?
Which of the following deeds are not really deeds at all? Trustee’s Deed is given to the buyer of property at a trust deed foreclosure sale, and a Land Patent is used by the government to grant public land to an individual. A Trust Deed is not a deed.
Which of the following is not a requirement for an FHA loan?
Which of the following is NOT a requirement for someone applying for an FHA loan? You chose not to answer this question. Correct Answer: No history of bankruptcy or foreclosure. The FHA requires borrowers to have no foreclosures in the past three years, and no bankruptcies in the past two years.
What are financial institutions examples?
What Are the 9 Major Types of Financial Institutions?
- Central Banks.
- Retail and Commercial Banks.
- Internet Banks.
- Credit Unions.
- Savings and Loan Associations.
- Investment Banks and Companies.
- Brokerage Firms.
- Insurance Companies.
What is an institutional mortgage?
Institutional Mortgage is a Mortgage granted to an Institution. An “Institution” is a bank, insurance company, trust company, savings and loan association, real estate investment trust, pension trust, governmental entity or similar institution.
Is a life insurance company an institutional lender?
In California, institutional lenders include savings banks (former savings and loan associations), commercial banks, and life insurance companies.