Please summarize and compare the following four instruments in the secondary mortgage markets; -Mortgage Pass-trhough secruties -Mortgage pass-through bonds, -CMO -CMBS
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Please summarize and compare the following four instruments in the secondary mortgage markets; -Mortgage Pass-trhough secruties -Mortgage pass-through bonds, -CMO -CMBS
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- How does mortgage pay-through bond (MPTB) resemble a mortgage-backed bond (MBB)? How does it differ?Elaborate in details about the drawbacks of mortgage-backed bonds (MBB)n of the following are owned by a company and can be used to secure a mortgage bond? Multiple Choice O Dividends Assets Liabilities Bond indentures Interest payments
- Indicate the proper financial statement classification for each of the following accounts: Financial Statement Statement Classification Discount on Long-term Bonds Payable Answer Answer Mortgage Notes Payable Answer Answer Long-term Bonds Payable Answer Answer Bond Interest Expense Answer Answer Bond Interest Payable Answer Answer Premium on Long-term Bonds Payable AnswerThe bonds are “first mortgage” bonds, explain the statement. What does this means?Name the four major classes of mortgage-related securities. As an issuer, explain the reasons for choosing one type over another.
- interest payment for bonds is calculated using the face value of the bonds and the __________ A. market value B. market interest rate C. stated interest rate D. original costExplain the list contains a description of some of the more important terms used when dealing with adjustable-rate mortgagesExplain how each of the columns in an amortization schedule is calculated, assuming the bonds are issued at a discount. How is the amortization schedule different if bonds are issued at a premium?
- Name the major types of credit enhancement used for commercial-backed mortgage securities.How are the bonds issued, what is the appropriate journal entry? Provide example for issuing bonds. How do we determine the present value of a bond when market rate differs from its contract rate? How do we record the interest payment (provide examples for both premium and discount amortization), using the effective interest method? What is the difference between the effective interest method and the straight line method when amortizing either a discount or a premium? Cite and give credit to the author that you are citing.Explain Mortgage-backed bonds (MBBs)?