Mortgage notes are backed by the good faith and credit of the issuing corporation.

Name: Mortgage notes are backed by the good faith and credit of the issuing corporation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Mortgage notes are typically backed by the collateral of the property being mortgaged, not the issuing corporation's credit. However, some mortgage notes may have additional credit enhancements, such as a guarantee from a third party, which could provide additional credit support.

Mortgage Notes Are Backed by the Good Faith and Credit