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question why have corporate bond yields tended to be lower than cmbs yields for the same credit rating and maturity has
question discuss two important considerations underlying a mortgage borrowers choice between long-term fixed rate
question how does mortgage securitization create opportunities for deposit-taking financial institutions to hedge
question interpret the modified duration number one obtains for a noncallable mortgage what does it mean how is it used
question suppose the bond market expects short-term interest rates to remain constant for the foreseeable future yet we
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question what is a maturity gap why is this problem particularly acute in deposit-taking lending institutions that
question what is a portfolio lender what types of financial institutions are typically portfolio lenders for permanent
question what is the difference between trading-oriented and immunization-oriented strategies for managing fixed-income
assignment -prepare the financials balance sheet financial statement projections for 2 years cash flow and break-even
question comment on the following statement a borrower would be crazy to take out a long-term cpm or frm during a
question it is typically the case that interest rates on frms exceed those on arms in what sense does this spread
question what were the major statistical characteristics of ex post mortgage returns as represented by the glcmpi
question discuss the following statement there is some theoretical reason to believe and some historical evidence to
question convexity draw a picture showing the convex relationship between price and yield to maturity for a noncallable
question what is the major purpose of underwriting in the commercial mortgage industry what is the relationship between
question what is the difference between value-based and income-based underwriting criteria in what way could you
question what is the relationship of the initial loan-to-value ratio iltv to the default risk in the loan how is this
question what are the pros and cons of participating mortgages from both the borrowers and lenders perspectives as
question consider the following situation an investor who needs a long-term mortgage to finance a property acquisition
question in a one-period world if the conditional yield degradation is 10 the unconditional default probability is 15
question consider a three-year mortgage with annual payments in arrears suppose the probability of default is 1 in the
question suppose 10-year treasury bond yields in the bond market are 700 cey or bey and the mortgage market requires a
question using the discounted cash flow dcf valuation method what is the maximum loan that can be made on a property
question a property has an expected first-year noi of 1 million recent sales of similar properties indicate that a