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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