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Please help with the following: QUESTION 50 After a mortgage is securitized. it is owned by: O The SPE that issued the asset-backed securities. O

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QUESTION 50 After a mortgage is securitized. it is owned by: O The SPE that issued the asset-backed securities. O The financial institution that originated the loan. O The government agency that regulates the ABS market. QUESTION 51 A borrower defaults on a mortgage that still has a $350,000 remaining balance. After foreclosure, the lender sells the house for $285,000. Now the lender is entitled to collectthe $65,000 shortfall from the borrower. This mortgage is most likely a: O Subprime loan. O Recourse loan. O Non-recourse loan. QUESTION 52 Suppose a bond's price is expected to increase by 3% if its yield-to-maturity decreases by 50 basis points. If the bond's YTM increases by 50 basis points, the bond price is most likely to change by: O Exactly 3%. O Less than 3%. O More than 3%

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