If you are a Japanese producer who sells products in the US, you want a foreign exchange future without going through the futures market. So, you borrow money in dollars with an interest rate of 5% and immediately convert it to yen at a rate of 1 dollar to 100...
vsw0002
Asked:
December 2022
Why are banks incentivized to offer Qualifying Residential Mortgages (QRMs)? a.Banks are usually in the business of initiating but not keeping mortgages, so offering QRMs allows them to sell them all to a CMO. b.The government forces bank to offer them if they want to offer any kind of mortgage....