Servicing Rights Occur When an Originator of a Portfolio of Mortgages

question 13

Multiple Choice

Servicing rights occur when an originator of a portfolio of mortgages sells that portfolio to an investor.

• A) a reasonable fee for the originator would be 7%
• B) the originator continues to collect the monthly payments and delinquent payments
• C) the investor is responsible for sending out delinquent notices
• D) the investor collects all delinquent payments and penalty payments

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Definitions:

Apes

A group of primates without tails, including gorillas, chimpanzees, orangutans, and bonobos.

Language Capabilities

The ability to communicate through spoken, written, or sign language, including understanding and producing language.

Common Vowel Sounds

The basic, most frequently used vowel phonemes in a language, critical for effective communication and language learning.

Broca's Area

Broca's area is a region in the frontal lobe of the dominant hemisphere, usually the left, of the brain that is responsible for language processing, speech production, and comprehension.