Credit risk is an important consideration for commercial mortgage-backed securities (CMBS) because the CMBS are backed by mortgage loans that
A: are non-recourse
B: have call protection
C: have prepayment penalty points
A: are non-recourse
B: have call protection
C: have prepayment penalty points
举一反三
- Credit risk is an important consideration for commercial mortgage-backed securities (CMBS) because the CMBS are backed by mortgage loans that A: are non-recourse B: have call protection C: have prepayment penalty points D: 空
- 中国大学MOOC:"Which description about “Mortgage Backed Security” is incorrect?";
- 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.
- Short-term loans generally have smaller amount and shorter repayment period than long-term loans, so there is usually no need for mortgage, so certified public accountants generally do not need to examine the mortgage and guarantee situation of short-term loans.（ ）
- 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.