A Claim to the Present Value of the Interest Payments

question 43

Multiple Choice

A claim to the present value of the interest payments made by the mortgage holders in a GNMA pool is

• A)a CARS.
• B)an IO strip.
• C)a CARD.
• D)a PO strip.
• E)a prepayment claim.

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Definitions:

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Principles Of Justice

Fundamental norms and guidelines that aim to ensure fairness, equity, and ethical treatment in society's legal and political institutions.

Greek Philosophers

Thinkers from ancient Greece who are known for their foundational contributions to philosophy, including ethics, metaphysics, and logic.

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