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Basic Question 5 of 6
Which statement is FALSE?
B. Borrowers almost always favor non-recourse mortgages.
C. In a non-recourse mortgage, the lender is not allowed to seize the underlying property when the borrower fails to make contractual payments.
A. The recourse/non-recourse feature of a mortgage has implications for projecting the likelihood of defaults by borrowers.
B. Borrowers almost always favor non-recourse mortgages.
C. In a non-recourse mortgage, the lender is not allowed to seize the underlying property when the borrower fails to make contractual payments.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe fundamental features of residential mortgage loans that are securitized
CFA® 2025 Level I Curriculum, Volume 4, Module 19.