Question
True/False #5 Master Servicers, in addition to their normal functions as set forth in the PSA, also provide a liquidity facility that bridges the time
True/False #5
Master Servicers, in addition to their normal functions as set forth in the PSA, also provide a "liquidity facility" that bridges the time gap between principal and interest payments by borrowers and payments to bondholders.
Can you please explain this?
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Real Estate Finance
Authors: John P. Wiedemer, Keith J. Baker
9th edition
324181426, 324181425, 978-0324181425
