With CMBS:

The bank ___ the loan
Immediately ___ the loan to a Wall Street-style financial institution
Loans are ___ into ___
Wall Street then immediately ___ the bank for the loan
Bank then ___ this money to a new borrower and ___ the second loan to the Wall Street institution.
a) Originates; sells; bundled; securities; buys back; lends; securitizes
b) Originates; securitizes; packaged; tranches; repurchases; lends; sells
c) Holds; transfers; divided; segments; reimburses; borrows; returns
d) Purchases; leases; fragmented; sections; reimburses; invests; forwards