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In Simple Terms, a Mortgage-Backed Security Is

Question 14

Multiple Choice

In simple terms, a mortgage-backed security is:


A) A portfolio of mortgages sold to investors through publicly issued bonds
B) A contract that transfers ownership of a lender's mortgages receivable
C) A contract that transfers the risk of non-collection from mortgage originators to other investors
D) All of the above
E) (a) and (c) only

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