- UID
- 223241
- 帖子
- 355
- 主题
- 182
- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-19
|
Prepayments for manufactured housing-backed securities are less significant because the underlying loans are not as sensitive to refinancing. This is correct for all of the following reasons EXCEPT: A)
| Often borrowers are using Federal Housing Administration (FHA) and Veterans Administration (VA) loans, which prohibit refinancing. |
| B)
| Loan balances are usually small, reducing the savings resulting from refinancing. |
| C)
| Depreciation of mobile homes in the early years can cause the loan outstanding to be greater than the value of the asset. |
|
Borrowers are not necessarily borrowing through the FHA or VA, and even if they were, they would not be prohibited from refinancing. |
|