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When a Mortgage Is Non-Recourse: Choose One)

Question 2

Multiple Choice

When a mortgage is non-recourse: choose one)

A) The house buyer can lose all possessions if they are unable to make payments
B) The purchaser has a free American-style put option on the house
C) The purchaser has a free European-style put option on the house
D) The lender is less likely to lose money on the mortgage

Correct Answer: