Which of the following describes a typical feature of a non-agency residential mortgage-backed security (RMBS)?
A. Senior-subordinate structure in bond classes
B. A pool of conforming mortgages as collateral
C. A guarantee by the appropriate government sponsored enterprise(GSE)
Answer: A. Senior-subordinate structure in bond classes
Business
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In its decision concerning the making of an FHA loan, a lending institution is least affected by:
A: Demand and supply of mortgage funds; B: Mortgage insurance rate; C: The liquidity of the investment; D: Current discount rate.
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While chains account for about 30 percent of all retail establishments, they account for what percent of total retail sales?
a. 30 b. 50 c. 75 d. 90
Business