A mortgage pass-through bond (MPTB) can be described by all of the following except:
A) anMPTB can be viewed as a mortgage-backed bond 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) anMPTB represents an undivided equity ownership interest in a mortgage pool.
D) allof the above are true.
Correct Answer:
Verified
Q5: Which of the following is FALSE concerning
Q7: A calamity call allows the issuer to
Q9: A CMO does not completely eliminate prepayment
Q12: Duration,as referred to in the chapter,is:
A) ameasure
Q22: For which of the following investments does
Q22: The residual position in the CMO offering
Q26: Which of the following investments in NOT
Q26: For which of the following investments is
Q27: The total interest collected from the pool
Q40: Which of the following is NOT a
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