What is riskier: buying entire mortgages, with the danger that a homeowner defaults, or securities backed by those loans which prioritise the holder with the first repayments?
哪一樣風險更高:購買存在房主違約風險的整筆按揭貸款,還是購買由此類貸款支持、承諾優先向持有人支付還款的證券?
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