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Write a one page (250 word) persuasive statement either supporting or opposing a bank's right to assign a mortgage to a third party (for example, a third-party financial institution). Please write in...

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Write a one page (250 word) persuasive statement either supporting or opposing a bank's right to assign a mortgage to a third party (for example, a third-party financial institution).
Please write in basic English as because I am an International student whose English is a third language person.
If you are citing, please use American sources that are free. Don't use the sources that you have to pay because I have to prove the websites to the professor.
Answered Same Day Jan 28, 2021

Solution

Akansha answered on Jan 30 2021
141 Votes
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As per the question, it is better that the bank should not assign a mortgage to a third party. This paper explains that what mortgage is and why it should not be assigned to a third party. Mortgage is a loan given by bank to people who need money keeping something as a security, which the bank can use for selling it to third party, if the debtor is unable to repay the loan in the said time (oliver, 2016).
To prove the statement above let’s take the example of the financial crisis of America of 2008, where people...
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