1. A) What are the risks associated with the mortgage origination process, and how may a mortgage originator reduce these risks? (7 marks)

b) Explain the way in which the debt-to- income/ payment-to-income ratio and the loan-to value ratio are used to assess a potential borrowers, suitability to receive a mortgage loan. (8 marks)

c) Explain the term asset securitization, and the role played by securitization in the subprime loan crisis. (10 marks)