What Are the Securities That Are Created When a Mortgage

question 53

Multiple Choice

What are the securities that are created when a mortgage pool is divided into a number of tranches called?

• A) split strips
• B) divided CMOs
• C) sequential CMOs
• D) indexed mortgage splits
• E) tranche pools

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Definitions:

Spacing Effect

A phenomenon where learning is more effective when study sessions are spaced out over time rather than conducted in one single marathon session.

Repressed Memories

Memories that have been unconsciously blocked due to being associated with a high level of stress or trauma.

Early Childhood Abuse

Exposure to adverse experiences, including physical, sexual, and emotional abuse, during the early years of life, impacting long-term well-being and development.

Repression

A defense mechanism where distressing thoughts and feelings are unconsciously excluded from conscious awareness.