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Which of the following statements regarding mortgage pass-through bonds (MPTBs) is FALSE? 1)MPTBs can be viewed as mortgage-backed bonds with the pass-through of principal and
Which of the following statements regarding mortgage pass-through bonds (MPTBs) is FALSE?
1)MPTBs can be viewed as mortgage-backed bonds with the pass-through of principal and prepayment features of a mortgage pass-through security
2)Most MPTBs are based on residential mortgage pools and are generally overcollateralized
3)MPTBs represent an undivided equity ownership interest in a mortgage pool.
4)All of the above are false.
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