Explain what is meant by forward commitments and standby forward commitments. Which part of the mortgage bankers

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Explain what is meant by forward commitments and standby forward commitments. Which part of the mortgage banker’s pipeline is often hedged with forward commitments? With standby forward commitments? Why?

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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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Question Posted: Aug 26, 2013 05:14 AM

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Explain what is meant by forward commitments and standby forward commitments. Which part of the mortgage bankers

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A forward commitment is a commitment now to sellbuy something in the future at a price set no...View the full answer

Auditing The Art and Science of Assurance Engagements

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