1) Mortgage backed Securities (MBS) became more important to finance mortgages since the 1980s. (2 Points)

True

False

2) Who was dominating the mortgage industry within the United States into the 1970s? (4 Points)

International business banks

Credit unions operating state wide

Thrifts and local banks

National business banks

3) How is the process of combining individual mortgages into bigger bundles called? (4 Points)

Pooling

Collecting

Sampling

Selecting