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11) How would this structure above best be described? A pool of conforming mortgages as collateral. Senior/Subordinated Structure. All classes are guaranteed by a government-sponsored

11) How would this structure above best be described?

  1. A pool of conforming mortgages as collateral.
  2. Senior/Subordinated Structure.
  3. All classes are guaranteed by a government-sponsored enterprise (GSE).

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