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A residential loan may be acquired from a lender in the primary mortgage market on Main Street somewhere in Alameda County, CA.This loan has a

A residential loan may be acquired from a lender in the primary mortgage market on Main Street somewhere in Alameda County, CA.This loan has a number of features on e of which is know as a Loan to Value orLTV ratio.

What is this LTV?

What purpose does the LTV serve?Should it be done away with?

Who does the LTV protect?The borrower or the lender or BOTH?

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