Multiple Choice
A mortgage loan officer is found to have provided false documentation that resulted in a lower interest rate on a loan approved for one of her friends.The loan was subsequently added to a loan pool, securitized and sold.Which of the following risks applies to the false documentation by the employee?
A) Market risk.
B) Credit risk.
C) Operational risk.
D) Technological risk.
E) Sovereign risk.
Correct Answer:
Verified
Correct Answer:
Verified
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