Which description about “Mortgage Backed Security” is incorrect?
A: MBS is a type of asset-backed security that is secured by a mortgage or collection of mortgages.
B: It usually pays periodic payments that are similar to coupon payments.
C: It’s the core holding of almost all U.S. institutional fixed-income investors.
D: The mortgage does not need to have originated from a regulated and authorized financial institution.
A: MBS is a type of asset-backed security that is secured by a mortgage or collection of mortgages.
B: It usually pays periodic payments that are similar to coupon payments.
C: It’s the core holding of almost all U.S. institutional fixed-income investors.
D: The mortgage does not need to have originated from a regulated and authorized financial institution.
举一反三
- 中国大学MOOC:"Which description about “Mortgage Backed Security” is incorrect?";
- Which of the following are true of mortgages? A: A mortgage is a long-term loan secured by real estate B: A borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity C: Over 72 percent of mortgage loans finance residential home purchases D: All of the above are true of mortgages
- 4, rate is the yield paid by a fixed income security, which is the annual coupon payments by the issuer relative to the bond’s face or par value.
- Which of the following is true of mortgage interest rates? A: Mortgage rates are closely tied to Treasury bond rates, but mortgage rates tend to stay below Treasury rates because mortgages are secured with collateral. B: Longer-term mortgages have higher interest rates than shorter-term mortgages. C: Interest rates are higher on mortgage loans on which lenders charge points. D: All of the above are true. E: Only A and B of the above are true.
- A 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate.（ ）