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valputin valputin
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8 years ago
Agency problems in the subprime mortgage market included all of the following EXCEPT
A) the evaluators of securities, the credit rating agencies, were subject to conflicts of interest.
B) underwriters of mortgage-backed securities had weak incentives to make sure that the holders of the securities would be paid back.
C) homeowners could refinance their houses with larger loans when their homes appreciated in value.
D) mortgage originators had little incentives to make sure that the mortgagee is a good credit risk.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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8 years ago
This is great!
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
Great! Happy to be right Face with Stuck-out Tongue
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