What do we call the type of mortgage where the interest, Ask an Expert

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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.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92861919

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