Securitization is a new financial vehicle developed by bankers in the early 2000s to distribute risks and increase earnings during the housing bubble

Indicate whether the statement is true or false.

Answer: FALSE
Explanation: Securitization was developed in 1977. It distributes risks by packaging loans together into mortgage-backed securities sold to many kinds of investors.

Business

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The U.S. Constitution has one indirect and three direct sources of law

Indicate whether the statement is true or false

Business

All guardianship documents are drafted by the court

a. True b. False

Business