How will youexplain any three of the classifications of financial market to your friends in another area of study?

2. Why are financial markets so keenly regulated? Explain the rational for the regulation

of financial markets in USA, providing cogent examples of such regulations within

the American financial market.

3. Expatiate on the role of participants in the primary and secondary mortgage market.

Provide examples.

4. Explain the difference between debt to income (DTI) ratio and loan to value ratio

(LTV). In addition, mention in which scenario the mortgage is likely to be insured,

(a) High or low DTI ( b). High or low LTV.