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|
Which of the following mortgage loan characteristics least likely affects prepayments? A)
| original mortgage rate. |
| B)
| type of loan (e.g., 30-year fixed rate, 15-year variable). |
| C)
| reputation of the lender with the agencies (e.g., Fannie Mae, Ginnie Mae). |
|
The reputation of the lender does not affect prepayments. |
|