25-42 Which of the following is NOT true of a loan that is sold without recourse?
A) The loan is removed from the FI's balance sheet.
B) The FI has no explicit liability if the loan eventually goes bad.
C) The FI that originated the loan bears all the credit risk.
D) The buyer can put the loan back to the selling FI.
E) All of the above.
Correct Answer:
Verified
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A)are common in loan syndications.
B)do not
Q46: 25-48 Currently,this basic type of loan sale
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A)are riskier than loan assignments.
B)are
Q50: 25-61 Identify the correct observation.
A)Most loan sales
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Q52: 25-43 Which of the following is true
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