Because of Securitization,a New Class of Residential Mortgages Offered to Borrowers

question 74

Multiple Choice

Because of securitization,a new class of residential mortgages offered to borrowers with less-than-stellar credit records developed. These mortgages are known as

• A)risk-enhanced mortgages.
• B)subprime mortgages.
• C)bundled mortgages.
• D)adjustable-rate mortgages.

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Definitions:

Customize Status Bar

A feature that allows users to modify the information and controls displayed on the status bar of an application.

Status Bar

A user interface element at the bottom of an application window that displays information about the current state or context.

Relational Database

A type of database that organizes data into tables which can be linked—or related—based on data common to each.

Common Field

A field (column) that appears in two or more database tables, used to link the tables together in queries and reports.