Which of the following statements is TRUE? o Federally insured mortgages are called conventional mortgages....
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Which of the following statements is TRUE? o Federally insured mortgages are called conventional mortgages. A subprime mortgage is a mortgage made to a borrower who has a credit rating below 670. The private mortgage insurance premium is paid by the lender. O Private mortgage insurance is generally required when the loan-to-value ratio is less than 80%
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