Mortgages and Mortgage Pass-through - PowerPoint PPT Presentation

Mortgages and Mortgage Pass-through

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. . Mortgage. A loan secured by the collateral of specified real estate property, which obligates the borrower to make a predetermined series of payments. (page 225-227)Terms: (1) Mortgage originator (2) Payment-to-income (PTI) ratio (3) Loan-to-value (LTV) ratio (4) Conforming mortg

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Mortgages and Mortgage Pass-through

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