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Due to Electronic Files and Web Communication,source Documents Are No

question 22

True/False

Due to electronic files and Web Communication,source documents are no longer required.


Definitions:

Default Rates

The percentage of borrowers who fail to make required payments on their loans within a specified period.

Secondary Mortgage Market

The market where home loans and servicing rights are bought and sold between lenders and investors.

Financial Institution

An establishment that conducts financial transactions such as investments, loans, and deposits.

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