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
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