1.Which one of these types of institutions most likely doesNOTissue mortgage-backed securities directly?

Fannie Mae

Freddie Mac

Ginnie Mae

A large depository institution with an investment banking subsidiary.

2.Identify which characteristics that help to determine if a mortgage loan is classified as "conforming."

Total Loan Size Limit[ Select ]["It is important.", "It is NOT important."]

Loan to Value Ratio[ Select ]["Is important.", "It is NOT important."]

Credit Score [ Select ]["It is important.", "It is NOT important."]

A personal guarantee [ Select ]["It is important.", "It is NOT important."]

3.Which risk do MBS investors concentrate most effort in analyzing on a routine basis?

Prepayment Risk

Default Risk

Duration Exposure

Inflation Risk