The Wall Streeters used a magic called _______ to turn mortgages into _______、

In a mortgage pass-through security, the pass-through rate A: is adjusted as market rates rise or fall B: is equal to the mortgage rate on the underlying pool of mortgages C: adjusts the rate on the underlying pool of mortgages by a servicing fee

Residential mortgages that may be included in agency RMBS are least likely required to have

They'll never get a mortgage; they're bad ______. A: risks B: mortgages C: finance

Mortgages are hard to come()since banks are more cautious. A: with B: in C: by D: through

Participation will not be attractive to those whose mortgages already ______ the value of their homes. (exceed, excess, excessive)

Mortgages<br/>are hard to come ______ since banks are more cautious. A: with B: in C: by D: through

The report found that blacks are denied mortgages and loans at twice the ( ) of whites. A: ratio B: rank C: rate D: rating

Which of the following are true of mortgages? A: A mortgage is a long-term loan secured by real estate B: A borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity C: Over 72 percent of mortgage loans finance residential home purchases D: All of the above are true of mortgages

Which of the following belongs to owners’equity? A: prepaid expense B: notes payable C: capital stock D: mortgages payable