Which of the following is FALSE? Subprime mortgages are mortgages for which the borrower doesn't...
60.1K
Verified Solution
Link Copied!
Question
Finance
Which of the following is FALSE? Subprime mortgages are mortgages for which the borrower doesn't meet the usual credit requirements. O Mortgages are generally amortized, meaning that each payment is made up of both interest and principal. Points are fees paid at closing to insure a clear title to the property. Securitization of mortgages allows lenders to remove the mortgages from their balance sheets, thereby freeing up cash to lend to more borrowers. O Mortgage sales can generate fee income for the originator of the mortgage
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
