In the previous chapter, significant problems about the ability of borrowers to meet mortgage payments and the
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In the previous chapter, significant problems about the ability of borrowers to meet mortgage payments and the evolution of fixed interest rate mortgages with various payment patterns were discussed. Why didn’t this evolution address problems faced by lenders? What have lenders done in recent years to overcome these problems?
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These inadequacies stem from the fact that although payment patterns can be altered to suit bor...View the full answer
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Related Book For 
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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