Multiple Choice
Burn-out factor is the aggregate percentage of the mortgage pool that:
A) has been prepaid prior to the sale of the loan
B) will be paid after the month under consideration
C) has been prepaid prior to the month under consideration
D) has defaulted
Correct Answer:
Verified
Correct Answer:
Verified
Q25: Which of the following statements is false?<br>A)Default
Q42: Which statement is not true with respect
Q43: Collateralised mortgage obligation (CMO) is a mortgage-backed
Q45: The credit rating agency is:<br>A)a legal party
Q46: Benefits of securitisation include:<br>A)increased liquidity of bank
Q48: The key feature of a loan assignment
Q49: In Australia, a securitisation program must have:<br>A)a
Q50: Choose the correct answer:<br>A)Regulatory taxes such as
Q51: Asset securitisation is the creation of securities
Q52: Assumable mortgage is a mortgage contract that