Which one of the following types of transactions leaves the assets on the balance sheet?
A) Loan sale without recourse
B) GNMA pass-throughs backed by mortgages placed in trust
C) CMOs issued using mortgage pool as collateral
D) Mortgage-backed bonds issued
E) None of the options are correct.
Correct Answer:
Verified
Q29: In a loan participation,which of the following
Q30: If a mortgage pass-through experiences smaller prepayments
Q31: A pass-through security is best characterized as
A)a
Q32: The act of buying a share in
Q33: Fraudulent conveyance proceedings are
A)charges that a loan
Q35: For a loan sold with recourse,
A)the loan
Q36: In selling loans,FIs act as an asset
Q37: A three-class CMO has Class A,Class B,and
Q38: Loan sales are likely to continue because
I.
Q39: You own a mortgage-backed security and you
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