Which of the Following Is True Concerning an Assumable Mortgage

question 29

Multiple Choice

Which of the following is true concerning an assumable mortgage?

• A)The aggregate percent of the mortgage pool that has been prepaid prior to the month under consideration.
• B)The mortgage contract is transferred from the seller to the buyer of a house.
• C)The required interest spread of a pass-through security over a treasury when prepayment risk is taken into account.
• D)A mortgage-backed bond issued in multiple classes or tranches.

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Definitions:

Moral Responsibility

The status of morally deserving praise or blame for actions or decisions, based on the ethical assessment of one's character and conduct.

Post Traumatic Stress Disorder

A psychological condition triggered by experiencing or witnessing terrifying events, characterized by severe anxiety, flashbacks, uncontrollable thoughts, and nightmares.

Alcoholic Rage

Aggressive or violent behavior induced by excessive consumption of alcohol.

Legal Responsibility

The obligation to adhere to the laws and regulations of a governing body, and to face penalties or legal consequences for actions that violate these laws.