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 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 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 If a mortgage borrower makes prepayments without penalty to take advantage of falling interest rates, the lender will most likely experience: 选项 A.extension risk. B.contraction risk. [...]

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 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 [...]

题目 In the context of mortgage-backed securities, a conditional prepayment rate (CPR) of 8% means that approximately 8% of the outstanding mortgage pool balance at the beginning of the year is [...]