Please answer all questions, thank you!

T F Freddie Mac and Fannie Mae bonds are backed by the full force and credit of the US. T F The four quadrants of capital markets are public, private debt and bonds. T F Public markets are quicker to react to information but less prone to overreact. T F When looking at US Household Assets, real estate is one of the largest holding. T F Home equity loans and home equity lines of credit are the same in terms of their payment mechanics. T F A mezz, loan is generally collateralized by equity. T F FHA and VA are considered Government sponsored Entities while Fannie Mae and Freddie Mac are not. T F Total return is a measure of a periodic income return only. T F Duration and Convexity are important metrics for asset liability matching. T F FICO scores are irrelevant for GSE lending due to government guarantees. T F A hybrid loan is a loan that floats for a period and then converts to a fixed rate loan. T F Curtailment is a condition in a default when the lender declares the loan immediately due and payable. T F Securitization is the substitution of more efficient public capital markets for less efficient, higher cost, financial intermediaries in the funding of debt instruments. T F Michael Jackson was the first performer to raise capital through securitization. T F A Z-bond is a poor companion bond because of its accrual feature. Multiple Choice Questions 3 points per question. Which investor would generally not be a major investor in commercial real estate debt. A. Insurance Company B. CMBS C. Pension Fund D. Bank