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Which one of the following is the type of mortgage pool that guarantees timely payment of interest and principal? Multiple Choice prepaid refinanced secured fully
Which one of the following is the type of mortgage pool that guarantees timely payment of interest and principal? Multiple Choice prepaid refinanced secured fully amortized fully modified A mortgage pool is divided into a basic sequential CMO structure that includes A-, B-, C-, and Z-tranches. Which tranche will initially be paid mortgage principal? Multiple Choice A-tranche B-tranche C-tranche Z-tranche all tranches on a pro-rata basis You have a 30-year, fixed-rate mortgage with equal monthly payments. The amount of interest you pay each month will and the amount of principal you pay each month will Multiple Choice decrease; decrease decrease; increase increase; decrease increase; increase remain constant; remain constant
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