爱考云 - 搜题找答案神器_海量试题解析在线查

题目 Support tranches are most appropriate for investors who are: 选项 A.concerned about their exposure to extension risk. B.concerned about their exposure to concentration risk. C.willing to [...]

题目 Which of the following is most likely an advantage of collateralized mortgage obligations (CMOs)? CMOs can 选项 A.eliminate prepayment risk. B.be created directly from a pool of mortgage [...]

题目 Credit risk is an important consideration for commercial mortgage-backed securities (CMBS) if the CMBS are backed by mortgage loans that: 选项 A.are non-recourse. B.have call protection. [...]

题目 Securitization benefits financial markets by: 选项 A.increasing the role of intermediaries. B.establishing a barrier between investors and originating borrowers. C.allowing investors to [...]

题目 Which of the following characteristics of a residential mortgage loan would best protect the lender from a strategic default by the borrower? 选项 A.Recourse B.A prepayment option [...]

题目 Which commercial mortgage-backed security (CMBS) characteristic causes a CMBS to trade more like a corporate bond than a residential mortgage-backed security (RMBS)? 选项 A.Call protection [...]

题目 For a mortgage pass-through security, which of the following risks most likely increases as interest rates decline? 选项 A.Balloon B.Extension C.Contraction 答案 C 解析 ： C is correct. [...]

题目 The creation of bond classes with a waterfall structure for sharing losses is referred to as: 选项 A.time tranching. B.credit tranching. C.overcollateralization. 答案 B 解析 ： B is [...]

题目 Securitization is beneficial for banks because it: 选项 A.repackages bank loans into simpler structures. B.increases the funds available for banks to lend. C.allows banks to maintain [...]

题目 In a securitization, time tranching provides investors with the ability to choose between: 选项 A.extension and contraction risks. B.senior and subordinated bond classes. C.fully amortizing [...]