When a special purpose vehicle (SPV) creates asset-backed securities, the SPV retains ownership of the original assets.
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Q56: Collateralised debt obligation (CDO) is:
A)an asset-backed bond
Q57: Which of the following is not a
Q58: Asset securitisation is where:
A)existing securities are sold
Q59: When current mortgage rates fall sufficiently low
Q60: Mortgage-backed bonds (MBB) differ from pass-throughs and
Q62: Securitisation removes assets (such as loans) from
Q63: An assumable mortgage is a mortgage contract
Q64: When an FI sells a loan without
Q65: What is prepayment risk? How does prepayment
Q66: Collateralised mortgage obligation (CMO) is a mortgage-backed
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