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The originate-to-distribute business model has a serious-----problem since the mortgage broker has little incentive to make sure that the mortgagee is a good credit risk.

The originate-to-distribute business model has a serious-----problem since the mortgage broker

has little incentive to make sure that the mortgagee is a good credit risk.

securitization

collateralized debt

democratization of credit

principal-agent

debt deflation

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