更多"[简答题] In 2012, mortgage loans to fa"的相关试题:
[简答题] Many institutions that make mortgage loans do not want to hold large portfolios of long-term securities, because it would subject them to unacceptably high interest-rate risk.
[单选题] Mortgage-backed securities
A. have been growing in popularity in recent years as institutional investors look for attractive investment opportunities.
B. are securities collateralized by a pool of mortgages.
C. are securities collateralized by both insured and uninsured mortgages.
D. are all of the above.
E. are only A and B of the above.
[简答题] Mortgage interest rates loosely track interest rates on three-month Treasury bills.
[单选题] The Federal National Mortgage Association (Fannie Mae.
A. was set up to buy mortgages from thrifts so that these institutions could make more loans.
B. funds purchases of mortgages by selling bonds to the public.
C. provides insurance for certain mortgage contracts.
D. does all of the above.
E. does only A and B of the above.
[简答题] Private mortgage insurance is a policy that guarantees to make up any discrepancy between the value of the property and the loan amount, should a default occur.
[简答题] Mortgage-backed securities are marketable securities collateralized by a pool of mortgages.
[单选题] Which of the following protects the mortgage lender's right to sell property if the underlying loan defaults?
A. A lien
B. A down payment
C. Private mortgage insurance
D. Borrower qualification
E. Amortization
[单选题] Distinct elements of a mortgage loan include
A. origination.
B. investment.
C. servicing.
D. all of the above.
E. only B and C of the above.
[简答题] Mortgage-backed securities have declined in popularity in recent years as institutional investors have sought higher returns in other markets.
[简答题] Every financial market allows loans to be made.
[简答题] Subprime loans are those made to borrowers who do not qualify for loans at the usual market rate of interest because of a poor credit rating or because the loan is larger than justified by their income.
[单选题]Amortized loans must have which one of these characteristics over its life?
A. Either equal or unequal principal payments
B. One lump-sum principal payment
C. Increasing payments
D. Equal interest payments
E. Declining periodic payments
Difficulty: 1 Easy
Topic: Types of loans
Learning Objective: 06-03 Describe how loans are amortized or paid off.
[单选题] Which of the following are true of mortgage interest rates?
A. Interest rates on mortgage loans are determined by three factors: current long-term market rates, the term of the mortgage, and the number of discount points paid.
B. Mortgage interest rates tend to track along with Treasury bond rates.
C. The interest rate on 15-year mortgages is lower than the rate on 30-year mortgages, all else the same.
D. All of the above are true.
E. Only A and B of the above are true.
[简答题] An advantage of a graduated-payment mortgage is that borrowers will qualify for a larger loan than if they requested a conventional mortgage.
[单选题] During the last years of a balloon mortgage loan, the lender applies
A. most of the monthly payment to the outstanding principal balance.
B. all of the monthly payment to the outstanding principal balance.
C. most of the monthly payment to interest on the loan.
D. all of the monthly payment to interest on the loan.
E. the monthly payment equally to interest on the loan and the outstanding principal balance.
[单选题] During the early years of a balloon mortgage loan, the lender applies
A. most of the monthly payment to the outstanding principal balance.
B. all of the monthly payment to the outstanding principal balance.
C. most of the monthly payment to interest on the loan.
D. all of the monthly payment to interest on the loan.
E. the monthly payment equally to interest on the loan and the outstanding principal balance.
[简答题] Nearly half the funds for mortgage lending comes from mortgage pools and trusts.
[单选题] The most common type of mortgage-backed security is
A. the mortgage pass-through, a security that has the borrower's mortgage payments pass through the trustee before being disbursed to the investors.
B. collateralized mortgage obligations, a security which reduces prepayment risk.
C. the participation certificate, a security which passes the borrower's mortgage payments equally among all the owners of the certificates.
D. the securitized mortgage, a security which increases the liquidity of otherwise illiquid mortgages.
[单选题] Which of the following is true of mortgage interest rates?
A. Longer-term mortgages have higher interest rates than shorter-term mortgages.
B. In exchange for points, lenders reduce interest rates on mortgage loans.
C. Mortgage rates are lower than Treasury bond rates because of the tax deductibility of mortgage interest payments.
D. All of the above are true.
E. Only A and B of the above are true.
