题目 Which of the following best describes the cash flow that owners of credit card receivable asset-backed securities receive during the lockout period? 选项 A.No cash flow B.Only principal [...]
题目 William Marolf obtains a 5 million EUR mortgage loan from Bank Nederlandse. A year later the principal on the loan is 4 million EUR and Marolf defaults on the loan. Bank Nederlandse [...]
题目 Which of the following investments is least subject to prepayment risk? 选项 A.Auto loan receivable–backed securities B.Commercial mortgage-backed securities (CMBSs) C.Non-agency [...]
题目 Which statement about covered bonds is least accurate? 选项 A.Covered bonds provide investors with dual recourse, to the cover pool and also to the issuer. B.Covered bonds usually carry [...]
题目 Which of the following statements is correct concerning mortgage loan defaults? 选项 A.A non-recourse jurisdiction poses higher default risks for lenders. B.In a non-recourse jurisdiction, [...]
题目 A commercial mortgage-backed security (CMBS) does not meet the debt-to-service coverage at the loan level necessary to achieve a desired credit rating. Which of the following features would [...]
题目 Securitization benefits investors by: 选项 A.providing more direct access to a wider range of assets. B.reducing the inherent credit risk of pools of loans and receivables. C.eliminating [...]
题目 A special purpose entity issues asset-backed securities in the following structure.「huixue_img/importSubject/1564548167826018304.png」At which of the following amounts of default in par [...]
题目 In a securitization, the collateral is initially sold by the: 选项 A.issuer. B.depositor. C.underwriter. 答案 B 解析 ： B is correct. In a securitization, the loans or receivables are [...]
题目 The single monthly mortality rate (SMM) most likely: 选项 A.increases as extension risk rises. B.decreases as contraction risk falls. C.stays fixed over time when the standard prepayment [...]
