In the modern framework of home mortgage lending,there are four channels by which first mortgage home loans are created.Within which of the following channels would you typically find a Wall Street investment bank obtaining loans,pooling loans,and creating a senior-subordinate security structure?

Question

Quizplus · Accepted Answer

Wall Street investment banks typically engage in the nonconforming conventional channel, where they pool loans that do not meet conforming standards and create complex securities like senior-subordinate structures.

In the Modern Framework of Home Mortgage Lending,there Are Four