Multiple Choice
The Dodd-Frank Act ushered in a new standard for home mortgage underwriting. Which of the following standards is now required of any lender when underwriting a home loan?
A) Ability-to-repay standard
B) Ability-to-prepay standard
C) Ability-to-securitize standard
D) Ability-to-lend standard
Correct Answer:
Verified
Correct Answer:
Verified
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