Questions 9 and 10

Which of the following is true about mortgage-backed securities? They aggregate individual home mortgages into homogeneous pools. The purchaser receives monthly interest and principal payments received from payments made on the pool. The banks that originated the mortgages maintain ownership of them. The banks that originated the mortgages continue to service them. II, III, and IV I, ll, and IV II and IV I, lll, and IV I, II, III, and IV ______ are in essence an Insurance contract against the default of one or more borrowers. Credit default swaps CMOS ETFs Collateralized debt Obligations all of the above