QUESTION 16 Who does PMI protect? . It protects the mortgage lender OB. It protects the mortgage borrower OC. It protects the tax payers D. It protects the government QUESTION 17 What do we mean by securitization of mortgages? A. The mortgage is guaranteed by a government-sponsored enterprise (GSE) and is therefore secure. OB. The mortgages are pooled and packaged as an MBS and this is sold to investors as a security. OC Mortgages are now regulated by the consumer protection board. OD. When a mortgage has PMI it is considered a secure mortgage. QUESTION 18 Which of the following is a factor that determines the interest rate that you will pay on a mortgage? A. The length of the loan. B. The amount of points paid up front. C. The FICO score of the borrower. D. The level of market interest rates. E. All of the above