please answer all these questions, they are multiple choice, i will be more then happy to leave you a thumbs up!!

QUESTION 2 In a fixed rate constant payment fully-amortizing loan, amortization payments increase over time while interest payments decrease True False QUESTION 3 All else being equal (LTV, maturity, interest rate), an interest-only loan has a lower monthly payment than a constant payment fully-amortizing loan but incurs more Interest expense over time. True False QUESTION 4 Fannie Mae and Freddie Mac are specialists in originating home loans. True False QUESTIONS Under the PSA Prepayment Model, a borrower is more likely to pre-pay their mortgage in the 40th month than in the 30th month True False QUESTION 6 Under the Standard Default Rate Assumption model, the highest rate of default in mortgages is at the beginning True False QUESTION 7 Which of the following mortgages will have the largest monthly payment? Fully amortizing 30 year FRM, annuali - 3%, mortgage amount $200,000 Fully-amortizing 25-year FRM, annuali - 4%, mortgage amount $200,000 30-year FRM, annuall-3% mortgage amount $200,000 with a balloon payment of $20,000 at the end of the loan Fully amortizing 30-year FRM, annual 4%, mortgage amount $200,000 Fully-amortizing 30-year FRM, annuali -2%, mortgage amount $200,000 QUESTION 8 Which of the following is NOT TRUE about Mortgage Backed Securities (MB) MBS provides liquidity for an otherwise illiquid asset There are tax benefits associated with Investing in MBS All MBS are safe assets MBS repays principal throughout the life of the investment MBS are long duration assets that investors can match with long term liabilities QUESTION 9 Which statement is true about Weighted Average Life and Weighted Average Maturity? WAL is always strictly longer than WAM WAL is always strictly shorter than WAM WAL is always the same as WAM in a positive amortization loan, WAL is longer than WAM In an interest only loan WAL and WAM are the same QUESTION 10 Under 200% PSA Prepayment Model, what is the SMM in month 16 of a mortgage passthrough? Expressed as a fraction, rounded to 6 decim 0.010993 0.002748 0.001832 0.005496 0.016489 QUESTION 11 In MPT calculations, which of the following amounts is not used when calculating Starting Pool Balance in period t + 1 (Starting Pool Balancee+1) Starting Pool Balancet Principal Prepaymente Guarantee / Service Fee Paymente Scheduled Principal Paymente All answers are not used QUESTION 2 In a fixed rate constant payment fully-amortizing loan, amortization payments increase over time while interest payments decrease True False QUESTION 3 All else being equal (LTV, maturity, interest rate), an interest-only loan has a lower monthly payment than a constant payment fully-amortizing loan but incurs more Interest expense over time. True False QUESTION 4 Fannie Mae and Freddie Mac are specialists in originating home loans. True False QUESTIONS Under the PSA Prepayment Model, a borrower is more likely to pre-pay their mortgage in the 40th month than in the 30th month True False QUESTION 6 Under the Standard Default Rate Assumption model, the highest rate of default in mortgages is at the beginning True False QUESTION 7 Which of the following mortgages will have the largest monthly payment? Fully amortizing 30 year FRM, annuali - 3%, mortgage amount $200,000 Fully-amortizing 25-year FRM, annuali - 4%, mortgage amount $200,000 30-year FRM, annuall-3% mortgage amount $200,000 with a balloon payment of $20,000 at the end of the loan Fully amortizing 30-year FRM, annual 4%, mortgage amount $200,000 Fully-amortizing 30-year FRM, annuali -2%, mortgage amount $200,000 QUESTION 8 Which of the following is NOT TRUE about Mortgage Backed Securities (MB) MBS provides liquidity for an otherwise illiquid asset There are tax benefits associated with Investing in MBS All MBS are safe assets MBS repays principal throughout the life of the investment MBS are long duration assets that investors can match with long term liabilities QUESTION 9 Which statement is true about Weighted Average Life and Weighted Average Maturity? WAL is always strictly longer than WAM WAL is always strictly shorter than WAM WAL is always the same as WAM in a positive amortization loan, WAL is longer than WAM In an interest only loan WAL and WAM are the same QUESTION 10 Under 200% PSA Prepayment Model, what is the SMM in month 16 of a mortgage passthrough? Expressed as a fraction, rounded to 6 decim 0.010993 0.002748 0.001832 0.005496 0.016489 QUESTION 11 In MPT calculations, which of the following amounts is not used when calculating Starting Pool Balance in period t + 1 (Starting Pool Balancee+1) Starting Pool Balancet Principal Prepaymente Guarantee / Service Fee Paymente Scheduled Principal Paymente All answers are not used