All of the following are steps in the New Residential Mortgage Business Model except:
A. Find someone willing to loan you lots of money.
B. Use this money to make loans to people wanting to buy homes.
C. Sell these new mortgage loans on the secondary mortgage market.
D. Use the proceeds from selling mortgages to buy new mortgages.
Answer:D
All of the following are steps in the New Residential Mortgage Business Model except:
A. Find someone willing to loan you lots of money. B. Use this money to make loans to people wanting to buy homes. C. Sell these new mortgage loans on the secondary mortgage market. D. Use the proceeds from selling mortgages to buy new mortgages.