Q667
Commercial mortgages, farm mortgages and home mortgages are categories of
A.
swapped mortgages
B.
sovereign mortgages
C.
secondary mortgages
D.
primary mortgagees
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Commercial mortgages, farm mortgages and home mortgages are categories of primary mortgagees. A mortgagee is an entity that lends money to a borrower for the purpose of purchasing real estate. In a mortgage lending deal the lender serves as the mortgagee and the borrower is known as the mortgagor.