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A secondary loan participation is a loan sale approving a second mortgage on a home a purchase of a mortgage backed security (bond) accepting a

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A secondary loan participation is a loan sale approving a second mortgage on a home a purchase of a mortgage backed security (bond) accepting a loan application that was turned down by another lender QUESTION 12 Credit risk arises because borrowers may default credit availability may dry up, making it difficult to borrow a borrower has a blemish on their credit history all of these describe credit risk

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