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Commercial banks have also become more heavily involved is residential mortgage lending. How have agencies set...

Commercial banks have also become more heavily involved is residential mortgage lending. How have agencies set up by the federal government in the U.S. like “Ginnie Mae,” “Fannie Mae,” and “Freddie Mac” tried to support residential mortgage lending by creating “pass-through securities”? What problems facing these securities led them to create “collateralized mortgage obligations”?

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