Which of the following statements is NOT CORRECT regarding Saving & Loan Associations (S&Ls) before securitization Group of answer choices A. S&Ls...
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Which of the following statements is NOT CORRECT regarding Saving & Loan Associations (S&Ls) before

securitization

Group of answer choices



A. S&Ls might not have enough money to fund an entire home.


B. S&Ls were raising money through short-term floating-rate deposits, but making loans in the form of long-term fixed-rate mortgages.


C. When interest rates increased, S&Ls faced crisis because they had to pay more to depositors than they collected from mortgagees.


D. S&Ls had legal resources to collect mortgage payments from borrowers.

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