When a Pass-Through Mortgage Security Is Issued, What Does the Issuing

question 24

Multiple Choice

When a pass-through mortgage security is issued, what does the issuing agency expect to receive?

• A) the amount of the original loan plus a servicing fee
• B) the principal and interest that are paid by the homeowner
• C) the principal and interest that are paid by the homeowner, minus a servicing fee
• D) the interest paid by the homeowner, plus a servicing fee

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Definitions:

C2C

Consumer-to-Consumer, a business model that facilitates commerce between private individuals on the internet.

C2B

Consumer to Business, a type of economic relationship where individuals sell products or services to businesses.

Geolocation

The method of identifying the geographical location of a person or device, usually by utilizing information processed through the Internet.

GPS

A global positioning system that uses satellites to provide location and time information in all weather conditions, anywhere on or near the Earth.