T/F

1.A mortgage pass-through security represents an undivided ownership interest in a pool of mortgage held by a REMIC

2.At least 85% of a REITs income must come from rental income, interest on debt or dividends from other REITs.

3.Interest on a construction loan is usually paid at the end of the loan

4.Construction lenders usually hold back 10% of hard and soft costs when they make each monthly advance