Which of the below statements is FALSE?
A) A seasoned loan is one that is already residing on the balance sheet of a bank or insurance company.
B) Responsibilities of the servicer include collecting monthly loan payments, keeping records relating to payments, and maintaining property escrow for taxes and insurance.
C) Responsibilities of the master servicer include overseeing the deal and verifying that all servicing agreements are being maintained.
D) Basically the objective of the master service is to maximize the recovery of defaulted loans.
Correct Answer:
Verified
Q1: A _ is a contractual agreement that
Q2: Regardless of the property type, the two
Q3: A commercial mortgage loan is originated either
Q4: Commercial mortgage loans are for mortgage loans
Q5: With _, the borrower provides sufficient funds
Q7: The structure of a CMBS transaction is
Q8: In regards to commercial mortgage loans, which
Q9: The largest sector of the CMBS market
Q10: Ginnie Mae _.
A) issues securities that are
Q11: Commercial mortgage loans are _, which means
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents