Question

Which of the following is NOT characteristic of commercial-backed mortgage securities?
(A) The underlying mortgage pool represents a variety of different property types (retail, multifamily, etc.) and a specific geographical area
(B) The underlying mortgages have usually been outstanding for several years
(C) One of the primary issuers of such securities are insurance companies
(D) In general, the underlying mortgage pool for such securities contain fewer mortgages than are included in residential-backed mortgage pools

Answer

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