Multiple Choice
Which of the following observations is NOT correct?
A) Most loans are sold with recourse.
B) Loan sales are a primitive substitute for securitization.
C) Selling of a loan creates a secondary market for loans.
D) Ownership of the loan is always transferred to the loan purchaser.
E) Loan sales do not involve the creation of new types of securities.
Correct Answer:
Verified
Correct Answer:
Verified
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