Cash Flows Remaining After All CMO Tranches Have Been Paid

question 27

True/False

Cash flows remaining after all CMO tranches have been paid off are referred to as REMICs.

---

Definitions:

Written Contract

A legally binding agreement between two or more parties that is put in writing and signed by the parties involved.

Installments

Regular partial payments made over a period of time to settle a debt or purchase price, rather than paying the total amount at once.

Proceeds

The total amount of money or assets derived from a transaction or event, often used in the context of sales and financings.

Monthly Payments

Regular payments made every month towards the repayment of a loan, mortgage, or other financial obligation.