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The senior lender at ABC bank would like to make stated income mortgage loans (i.e.,
loans where the bank does not verify the applicant's income) to mortgage customers,
including subprime borrowers. Under the statement on subprime mortgage lending,
which of the following is the best statement of the bank's responsibility regarding this
new program?
A. Due to the risks, it should not implement such a program for subprime borrowers
B. The bank should establish workout procedures for such loans in advance of making them.
C. The bank should make a policy for this program that includes mitigating factors for the risks
D. The bank should set stringent debt-to-income ratios for these loans
Answer: C
NEW QUESTION: 2
You have been tasked with testing a CAT5e cable. A summary of the test results can be found on the screen.
Step 1: Select the tool that was used to create the cable test results.
Step 2: Interpret the test results and select the option that explains the results. After you are done with your analysis, click the 'Submit Cable Test Analysis' button.
A Cable Certifier provides "Pass" or "Fail" information in accordance with industry standards but can also show detailed information when a "Fail" occurs. This includes shorts, the wire pairs involved and the distance to the short. When a short is identified, at the full length of the cable it means the cable has not been crimped correctly.
Answer:
Explanation:
NEW QUESTION: 3
Which sequence of steps does the CPAWAP state machine take?
A. join, discover, image, config, run
B. discover, image, DTLS setup, join, config, run
C. discover, join, image, config, run
D. discover, DTLS setup, join, image, config, run
Answer: C
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