A mortgage pool can be described as
A) a block of loans serving as collateral for an issue of securities.
B) a pool of loans organized so that the winner takes the highest return.
C) another type of loan guarantee.
D) a block of defaulted loans whose risk is shared by a group of mortgage investors.
Correct Answer:
Verified
Q2: Expansion of the secondary market into conventional
Q3: As used in mortgage lending, yield means
A)
Q4: The distinguishing feature of a collateralized mortgage
Q5: If a discount is taken off the
Q6: The secondary market for mortgages can be
Q7: The primary purpose of federal agency underwriting
Q8: A unit of measure when used as
Q9: State and municipal housing authorities are able
Q10: Which of the following entities in not
Q11: To purchase loans for portfolio means to
A)
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