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The Creation of Mortgage-Backed Securities from a Pool of Mortgages

question 91

Multiple Choice

The creation of mortgage-backed securities from a pool of mortgages is known as mortgage ________.


Definitions:

Claim

A formal request or demand for payment or another benefit, based on the terms of an insurance policy or contract.

Trust Fund

A legal entity created to hold assets for the benefit of specific individuals or organizations, managed by a trustee.

Hold-Back

The retention of a part of the contract price by the owner as required under construction lien legislation to ensure payment of subcontractors and suppliers of materials.

Suppliers Of Goods And Services

Entities or individuals that provide the market with products or perform tasks as a business.

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