In Comparison to the Mortgage Securities We Have Previously Discussed,the

question 11

Multiple Choice

In comparison to the mortgage securities we have previously discussed,the unique characteristic of a CMO is that:

• A) theCMO issuer retains the ownership of the underlying mortgage pool.
• B) CMOs are issued in multiple security classes.
• C) theCMO mortgage pool is not overcollateralized.
• D) theCMO is a pay-through in which all amortization and prepayments flow through to investors.

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Definitions:

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Chromosomes

are long strands of DNA and proteins found in the nucleus of cells, carrying genetic information.

Genes

Units of heredity made up of DNA that encode the instructions for the development, functioning, and reproduction of all known organisms.

Chromosomes

Chromosomes are long strands of DNA wrapped around proteins, located in the cell nucleus, containing genes that dictate hereditary traits.