The driving force in the development of a strong secondary market for residential mortgage loans was a financial innovation, which involves:
A) The pooling of mortgages.
B) The issuance of securities collateralized by these mortgages.
C) Asset securitization.
D) A and b only.
E) All of the above.
Correct Answer:
Verified
Q2: Asset securitization calls for a financial intermediary
Q3: With asset securitization more than one institution
Q4: In response to the Great Depression and
Q5: The agency charged with the responsibility to
Q6: Fannie Mae, Ginnie Mae, and Freddie Mac
Q7: Freddie Mac and Fannie Mae created mortgage
Q8: When a mortgage is included in a
Q9: The cash flows of a mortgage pass-through
Q10: The pass-through securities issued by Ginnie Mae,
Q11: The security issued by Freddie Mac is
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