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8. When a bank securities a parcel of its home loans, the credit risk posed by the loans is borne by: A. the bank whose

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8. When a bank securities a parcel of its home loans, the credit risk posed by the loans is borne by: A. the bank whose loans are being sold. B. the special purpose vehicle (SPV). C. investors in the mortgage backed securities. D. the ratings agency. E. none of the above

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