In simple terms, a mortgage-backed security is
A) a portfolio of mortgages sold to investors through publicly issued bonds.
B) a contract that transfers ownership of a lender's mortgages receivable.
C) a contract that transfers the risk of non-collection from mortgage originators to other investors.
D) a portfolio of mortgages sold to investors through publicly issued bonds, and a contract that transfers the risk of non-collection from mortgage originators to other investors.
E) All of these are correct.
Correct Answer:
Verified
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