What do we call the type of mortgage where the interest rate can change over the life of the mortgage?
A. Conventional Mortgage
B. Fixed-Rate Mortgage
C. Adjustable-Rate mortgage
D. Type 1b mortgage
What do we mean by securitization of mortgages?
A - The mortgage is guaranteed by a government-sponsored enterprise (GSE) and is therefore secure.
B- The mortgages are pooled and packaged as an MBS and this is sold to investors as a security.
C- Mortgages are now regulated by the consumer protection board.
D- When a mortgage has PMI it is considered a secure mortgage.