Characteristics of Cal Vet loans

Eligibility - Cal-Vet financing is available to California veterans who served honorably during wartime in the armed forces of the United States. The veteran must be a native Californian or a bona fide resident at the time of entry into the service, and must have participated in a military expedition or campaign for which a medal was authorized by the government. Minors - Minors who lived in California for 6 months immediately preceding entry into service from California are eligible. Spouses...

Chapter Quiz

Prefer loans saleable in the secondary money market C. Are representatives for sources of money other than their own, yet sometimes lend funds of their own 3. In California, Mortgage companies are licensed by D. Department of Consumer Affairs 4. When a mortgage banker establishes a line of credit with a commercial bank, the bank is acting as the mortgage banker's 5. Real estate investment trusts are all of the following, except D. owned by 100 or more investors. 6. The success of a mortgage...

Federal home loan bank board

The Federal Home Loan Bank Board FHLBB is an independent federal regulatory agency which serves savings and loan associations in a manner similar to the way that the Federal Reserve System serves banks. It acts as the banker's bank. Origin and Structure - The FHLBB was created in 1932. The United States is divided into 12 districts with a Federal Home loan Bank established in each district. Purpose - The FHLBB provides a credit reserve system for its members. Members can borrow funds on a...