Henri and Lila who own the Three Forks Restaurant have decided to possibly purchase a home,...

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Henri and Lila who own the Three Forks Restaurant have decided to possibly purchase a home, and they can put down 20% on a home loan. They have been informed by the bank that their loan might be sold off at some point after closing. Checklist: • Explain the kind of mortgage market they will apply to and what mortgage interest rate they might obtain based on a 30-year, fixed-rate mortgage at this week's rate. Diagram how the mortgage will travel through different channels to end up being sold on Wall Street. (You can use the insert tab in Microsoft Word, then select SmartArtⓇ.) . Explain the diagram and discuss each step in the overall process. Henri and Lila who own the Three Forks Restaurant have decided to possibly purchase a home, and they can put down 20% on a home loan. They have been informed by the bank that their loan might be sold off at some point after closing. Checklist: • Explain the kind of mortgage market they will apply to and what mortgage interest rate they might obtain based on a 30-year, fixed-rate mortgage at this week's rate. Diagram how the mortgage will travel through different channels to end up being sold on Wall Street. (You can use the insert tab in Microsoft Word, then select SmartArtⓇ.) . Explain the diagram and discuss each step in the overall process.

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a Henri and Lila will likely apply for a conventional mortgage in the primary mortgage market The in... View the full answer