爱考云 - 搜题找答案神器_海量试题解析在线查

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 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 [...]

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 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 Fran Martin obtains a non-recourse mortgage loan for $500,000. One year later, when the outstanding balance of the mortgage is $490,000, Martin cannot make his mortgage payments and defaults [...]

题目 The tranches in a collateralized mortgage obligation (CMO) that are most likely to provide protection for investors against both extension and contraction risk are: 选项 A.planned [...]

题目 Compared with the weighted average coupon rate of its underlying pool of mortgages, the pass-through rate on a mortgage pass-through security is: 选项 A.lower. B.the same. C.higher. 答案 A [...]

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, [...]