If a default occurs in a non-recourse commercial mortgage-backed security, the lender will most likely: A. Recover

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If a default occurs in a non-recourse commercial mortgage-backed security, the lender will most likely:

A. Recover prepayment penalty points paid by the borrower to offset losses.

B. Use only the proceeds received from the sale of the property to recover losses.

C. Initiate a claim against the borrower for any shortfall resulting from the sale of the property.

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Fixed Income Analysis

ISBN: 9781119627289

4th Edition

Authors: Barbara S. Petitt

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