爱考云 - 搜题找答案神器_海量试题解析在线查

题目 Collateralized mortgage obligations (CMOs) are designed to: 选项 A.eliminate contraction risk in support tranches. B.distribute prepayment risk to various tranches. C.eliminate extension [...]

题目 A benefit of securitization is the: 选项 A.reduction in disintermediation. B.simplification of debt obligations. C.creation of tradable securities with greater liquidity than the original [...]

题目 In credit card receivable ABSs, principal cash flows can be altered only when the: 选项 A.lockout period expires. B.excess spread account is depleted. C.early amortization provision is [...]

题目 If a default occurs in a non-recourse commercial mortgage-backed security (CMBS), the lender will most likely: 选项 A.recover prepayment penalty points paid by the borrower to offset losses. [...]

题目 Which of the following describes a typical feature of a non-agency residential mortgage-backed security (RMBS)? 选项 A.Senior\/subordinated structure B.A pool of conforming mortgages as [...]

题目 If interest rates increase, an investor who owns a mortgage pass-through security is most likely affected by: 选项 A.credit risk. B.extension risk. C.contraction risk. 答案 B 解析 ： B [...]

题目 In a securitization, the special purpose entity (SPE) is responsible for the: 选项 A.issuance of the asset-backed securities. B.collection of payments from the borrowers. C.recovery of [...]

题目 An excess spread account incorporated into a securitization is designed to limit: 选项 A.credit risk. B.extension risk. C.contraction risk. 答案 A 解析 ： A is correct. An excess spread [...]

题目 A balloon payment equal to a mortgage’s original loan amount is a characteristic of a: 选项 A.bullet mortgage. B.fully amortizing mortgage. C.partially amortizing mortgage. 答案 A 解析 [...]

题目 The longest-term tranche of a sequential-pay CMO is most likely to have the lowest: 选项 A.average life. B.extension risk. C.contraction risk. 答案 C 解析 ： C is correct. For a CMO [...]