Question
Which of the following is not a mortgage-backed security? a jumbo mortgage a Ginnie Mae pass-through a collateralized mortgage obligation a real estate mortgage investment
Which of the following is not a mortgage-backed security?
| a jumbo mortgage | ||
| a Ginnie Mae pass-through | ||
| a collateralized mortgage obligation | ||
| a real estate mortgage investment conduit (REMIC) | ||
| All of the above are mortgage-backed securities. |
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
6th Edition
0073226386, 978-0073226385
