Compared to a recourse mortgage loan, a nonrecourse mortgage loan A) is likely to have a higher interest rate B) is less likely to be purchased by a government agency C) is issued with less strict Standards for a borrower's credit history Extension in an agency residential mortgage-backed security is most likely to result from: A) a decrease in interest rates. B) exhaustion of a support tranche C) slower-than-expected prepayments. The yield spreads between corporate bonds and government bonds are most likely to decrease if A) liquidity decreases in the market for the corporate bonds B) a credit rating downgrade on the corporate bonds becomes more likely C) investors increase their estimates of the recovery rate on the corporate bonds