Which of the Following Is True Concerning an Assumable Mortgage

question 122

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.
• E)Bonds collateralized by a pool of assets.

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A class that inherits behavior and attributes from another class, known as the base class.

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