The Process of Obtaining Mortgages from the Financial Institutions That

question 32

Multiple Choice

The process of obtaining mortgages from the financial institutions that originated them, bundling the mortgages into tranches based on their risk level, and selling the tranches to institutional investors is called:

• A)mortgage stripping.
• B)mortgage underwriting.
• C)securitization.
• D)intermediation.

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Definitions:

Liberty

The state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Greatest Threat

The largest or most severe danger or challenge facing an individual, group, or institution.

Iroquois Confederacy

A historic union of six Native American tribes living in the northeastern United States, known for their democratic governing system.

Early Eighteenth Century

Refers to the period from 1700 to 1729, a time of significant political, economic, and cultural developments in Europe and its colonies.