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FRM一級考試Residential Mortgage的相關(guān)內(nèi)容有哪些?

發(fā)布時間:2021-06-01 10:11編輯:融躍教育FRM

Residential Mortgage是FRM一級考試中的內(nèi)容,備考中的考生一定要了解相關(guān)的內(nèi)容,這樣對于備考是有很大的幫助的。下文是小編列舉的詳細內(nèi)容,希望對你有所幫助!

Lien Status:

A first lien would give the lender the first right to receive proceeds on liquidation

Credit Classification:》》》戳:免費領(lǐng)取FRM各科視頻講義+歷年真題+21年原版書(PDF版)

Prime (A-grade) loans;

Subprime (B-grade) loans;

Alternative-A loans: are the loans in between prime and subprime.

Interest Rate Type:

Fixed-rate mortgages;

Adjustable-rate mortgages (ARMS): default risk is high;

Prepayments:

Prepayments reduce the mortgage balance and amortization period. They can occur because of the following reasons:

Home is sold

Refinancing due to lower rates

Partial prepayments

Credit Guarantees:

With agency MBSs, the investor bears no credit risk because the GSEs have been paid a fee to

guarantee the underlying mortgages.【資料下載】[融躍財經(jīng)]FRM一級ya題-pdf版

With a non-agency MBS, there is some credit risk but that is mitigated through the process of subordination.

Fixed-Rated,Level-Payment Mortgages:

The amount of the principal payment increases as time passes.

The amount of interest decreases as time passes. Interest is calculated on a declining principal balance.

The ability of the borrower to repay results in prepayment risk.

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關(guān)鍵詞 : FRM一級考試
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