An assumable mortgage is defined by the absence

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Reference no: EM131825516

1. An assumable mortgage is defined by the absence of a(n)

a. exculpatory clause.

b. acceleration clause.

c. due-on-sale clause.

d. subordination clause.

2. The essential activities that take place in secondary markets are

A. underwriting and origination B. leasing and sales. C. pooling and securitization. D. search and rescue.

Reference no: EM131825516

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