Multiple Choice
In the securitization process, mortgages are pooled together and cash flows are packaged into securities to be sold in the secondary market. Agencies and private companies that pool mortgages and sell mortgage-backed securities (MBS) are often referred to as:
A) thrifts
B) credit unions
C) conduits
D) automated underwriters
Correct Answer:
Verified
Correct Answer:
Verified
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