A problem that initially hindered the marketability of mortgages in a secondary market was that they were not standardized.

Question

Quizplus · Accepted Answer

Without standardization, it was difficult for investors to compare and trade mortgages in a consistent and efficient manner, which hindered their marketability in the secondary market. Standardization allows for easier trading and better liquidity in the market.

A Problem That Initially Hindered the Marketability of Mortgages in a Secondary