Answer the below questions. (a) What is the original LTV of a mortgage loan? (b) What is
Question:
(a) What is the original LTV of a mortgage loan?
(b) What is the current LTV of a mortgage loan?
(c) What is the problem with using the original LTV to assess the likelihood that a seasoned mortgage will default?
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a The original LTV of a mortgage loan is the LTV at the time of origination The LTV is the ratio of ...View the full answer
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