The higher the bond rating, the more default risk associated with the bond

Which of the following statements is FALSE about conventional loans?

(a) Congress establishes the loan limits each year for 1-to-4-family structures (b) Lenders may not establish their own underwriting standards (c) A non-conforming loan can be sold in the secondary market (d) The GSE's dominate this market category

Assume you are analyzing two separate annuity pools. Pool A has significantly higher mortality (deaths/thousand) than Pool B. Holding other factors constant, which pool will make higher payments per month to each annuitant?

A) A B) B C) The monthly liquidation payments will be equal. D) We cannot say because mortality is not an important factor in calculating annuity payments.