What are Mortgage$-$backed bonds $($MBBs$)?$

Group of answer choices

These are securities issued with mortgages as collaterals and are different from Collateralized Mortgage Obligations $($CMOs$)$ and pass$-$through securities because they are still on the books of financial institutions.

All answers are correct.

They are similar to Mortgage$-$backed securities since they are issued with mortgages as collateral.

There is no direct link between the interest and principal payments of the mortgages and those of Mortgage$-$backed bonds $($MBBs$).$