A securitized asset where the asset used to back the securities is a loan based on the residual value of a homeowner's residence is called:

Question

Quizplus · Accepted Answer

The asset used to back the securities in this case is a loan based on the residual value of a homeowner's residence, which is specifically referred to as a home equity loan, making E the most appropriate choice. The other options involve assets from different types of loans.

A Securitized Asset Where the Asset Used to Back the Securities