Business, 15.11.2019 01:31 imeldachavez124
Suppose that a mortgage bank locked in an interest rate for a prospective borrower at 8.5%. however, prior to the loan closing, the market mortgage rate falls to 7.5%. in this scenario, the mortgage banker would be most concerned with which of the following risks?
a. fallout riskb. prepayment riskc. liquidity riskd. default risk
Answers: 3
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Suppose that a mortgage bank locked in an interest rate for a prospective borrower at 8.5%. however,...
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