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Answer all, thank you Question 6 (Mandatory) (10 points) Which of the following is NOT true of loan assignments? A) All rights are transferred on
Answer all, thank you
Question 6 (Mandatory) (10 points) Which of the following is NOT true of loan assignments? A) All rights are transferred on sale. B) The loan buyer holds a direct claim on the borrower. C) Transfer of U.S. domestic loans is normally associated with a Uniform Commercial Code filing. D) Ownership rights are generally much clearer in a loan sale by assignment. E) Contract terms are unrestrictive from the seller's perspective. Question 7 (Mandatory) (10 points) If an Fl embraces the concept of good bank/bad bank, A) bad bank assets are passed on to the institutions correspondent bank that is required to accept the assets. B) good bank assets are organized into a closed end mutual fund which then sells shares to raise funds for the bad bank. C) the bad bank is a special purpose vehicle (SPV) that is organized to liquidate non-performing loans. D) the bad bank assets are funded by FDIC insured deposits. E) None of the above. Question 9 (Mandatory) (10 points) What will be the amount of equity on the balance sheet of Good Bank after the sale of the loans? A) $1,200. B) $232. C) $132. D) $68. E) $0. Question 10 (Mandatory) (10 points) Saved What will be the total assets of the Bad Bank after it purchases the loan from the Good Bank? A) $1,200 B) $380 C) $240 OD) $232 E) $8Step by Step Solution
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