Responsibilities of the mortgage brokers to borrowers

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Question 1: What were the responsibilities of the mortgage brokers to borrowers? To lenders? To investors? How well did they fulfill their responsibilities? Why?

Question 2: Did some subprime lenders behave unethically? If so, how? Whose interests did the subprime lenders have a responsibility to represent? Did they adequately represent those interests?

Question 3: What could be done to prevent future blowups like the one that occurred in the subprime market?

Reference no: EM131213908

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