Mark all the true statements about CMOs:

		CMO can be agency or non-agency MBS
		In a sequential pay CMO with just an A and B tranches, all tranches get principal payments in the first month
		CMO can have several classes (tranches) of securities backed by the same pool of mortgages
		In a sequential pay CMO, the tranche that gets paid off first is considered the safest
		In a sequential pay CMO, the tranche that gets paid last assumes the least default risk