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Please answer in short and complete sentences, thank you Short answer topics 1. Adjustable vs fixed-rate mortgages, including who bears risk. 2. How the three

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Please answer in short and complete sentences, thank you

Short answer topics 1. Adjustable vs fixed-rate mortgages, including who bears risk. 2. How the three GSES (FNMA, GNMA*, FHLMC) help the mortgage market, including securitization. 3. How pass-through MBS work and how CMOs differ and why

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