What is the federal agency underwriting function and what, Finance Basics

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What is the federal agency underwriting function and what

1. What is the federal agency underwriting function and what does it do for the mortgage market, and ultimately for the borrower?

2. Compare and contrast the two categories of bonds and how they differ from mortgage- backed securities and the collateral pledged for each.

3. Distinguish between the functions of the primary and secondary mortgage markets.

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