Multiple Choice
Which of the following statements regarding mortgage pass-through bonds (MPTBs) is FALSE?
A) MPTBs can be viewed as mortgage-backed bonds with the pass-through of principal and prepayment features of a mortgage pass-through security
B) Most MPTBs are based on residential mortgage pools and are generally overcollateralized
C) MPTBs represent an undivided equity ownership interest in a mortgage pool
D) All of the above are false.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: In comparison to other mortgage-backed securities,the unique
Q29: From the issuer's perspective,the use of MBBs
Q30: CDOs often include "B" notes,mezzanine debt and
Q31: In CDOs both equity and debt holders
Q32: The residual position in the CMO offering
Q34: Subprime mortgage-backed securities generally include FHA-insured or
Q35: A floater is a CMO tranche that
Q36: Duration is defined as:<br>A)A measure of the
Q37: Which of the following is NOT characteristic
Q38: The main purpose of the Term Asset-Backed