18 Which of the following statements is true with respect to Freddie Mac's and Fannie Mae's automated underwriting systems? A) Each system has the same approval guidelines. B) Each system underwrites loan applications differently. C) Each system will inform the mortgage loan originator when to process the loan through the other's system. D) Only Freddie Mac's automated underwriting system will accept blended ratios.
18 Which of the following statements is true with respect to Freddie Mac's and Fannie Mae's automated underwriting systems? A) Each system has the same approval guidelines. B) Each system underwrites loan applications differently. C) Each system will inform the mortgage loan originator when to process the loan through the other's system. D) Only Freddie Mac's automated underwriting system will accept blended ratios.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
![18 Which of the following statements is true with
respect to Freddie Mac's and Fannie Mae's
automated underwriting systems?
A) Each system has the same approval
guidelines.
B) Each system underwrites loan applications
differently.
C) Each system will inform the mortgage loan
originator when to process the loan through the
other's system.
D) Only Freddie Mac's automated underwriting
system will accept blended ratios.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F297729a3-a9bb-4b70-b6f3-629cffa2dc34%2Fa37b8179-2b24-4f8d-b6b8-9c4cf112f10b%2Fkk1i3ir_processed.jpeg&w=3840&q=75)
Transcribed Image Text:18 Which of the following statements is true with
respect to Freddie Mac's and Fannie Mae's
automated underwriting systems?
A) Each system has the same approval
guidelines.
B) Each system underwrites loan applications
differently.
C) Each system will inform the mortgage loan
originator when to process the loan through the
other's system.
D) Only Freddie Mac's automated underwriting
system will accept blended ratios.
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