Which of the Following Is Not a Common Type of Mortgage-Backed

question 40

Multiple Choice

Which of the following is not a common type of mortgage-backed security according to your text?

• A) participation certificates (PCs)
• B) collateralized mortgage obligations (CMOs)
• C) balloon-payment mortgage certificates
• D) private-label pass-through securities
• E) All of the above are common types of mortgage pass-through securities.

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Definitions:

James Garfield

The 20th President of the United States, serving in 1881 until his assassination later that same year.

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To murder someone, particularly a notable individual, for political or religious reasons.

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Members of the Democratic Party, one of the two major political parties in the United States, generally associated with liberal and progressive policies.

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Midterm congressional elections in the United States that resulted in a significant defeat for the Democratic Party, with the Republicans gaining control of both the House of Representatives and the Senate.