An "originate-to-distribute" strategy means:
a. Mortgage originators make loans with the intention of having investors purchase and hold them.
b. Mortgage originators make loans with the intention of keeping these assets on their balance sheets.
c.Innovative mortgage loans are more likely to be sold and distributed to investors' than standard, run-of-the-mill mortgage loans.
d. Originating loans is a lengthy process that requires originators to hold mortgages for longer periods than they want. Therefore, a strategy is needed for to distribute these loans as soon as the holding period is done.
.A
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Which of the following is true of inflation?
a. It is an increase in the general price level of goods and services. b. The purchasing power of money increases as the result of inflation. c. Inflation is similar to interest payments on future money income, such as pensions and receipts from outstanding loans. d. Inflation has no effect on real income.
Economists and accountants use the same definition of profit
a. True b. False Indicate whether the statement is true or false