Financial Institutions Management A Risk Management Approach 5E - CDN - Saunders - TBCH26

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1、CH26Student:___________________________________________________________________________1.Deposit-takinginstitutionshavefollowedandoriginate-to-distributemodelofloanoriginationonlysincethefinancialcrisisin2007.  True    False 2.Theavailabilityofaliquidsecondarymarketforasset-backedsecu

2、ritiesprovidedanincentiveforFIstofollowanoriginate-to-distributestrategyofloanorigination.  True    False 3.SecuritizationofassetsincreasestheFI'scapitalrequirements.  True    False 4.WhenaSpecialPurposeVehicle(SPV)createsasset-backedsecurities,theSPVretainsownershipoftheoriginalasset

3、s.  True    False 5.ThelifeofaStructuredInvestmentVehicle(SIV)isnottiedtoanyparticularassetclassthatitisresponsibleforsecuritizing.  True    False 6.InvestorsinaStructuredInvestmentVehicle(SIV)havenodirectrighttothecashflowsontheunderlyingportfoliooftheSIV.  True    False 7.Despitethe

4、complexityofmeasuringtheriskofasset-backedsecurities,creditratingagenciescontinuedtousetheirownmeasurestoquantifyrisksinvolved.  True    False 8.CMHChelpscreatepass-throughasset-backedsecuritiesbyprovidingtiminginsurance.  True    False 9.CMHCisaprivately-ownedentity.  True    False 1

5、0.CMHCwillsponsoranypoolofloansregardlessofthesizeofeachindividualloaninthepool.  True    False 11.CMHCsupportsonlythosepoolsofmortgagesthatcomprisemortgageloanswhosedefaultorcreditriskisinsuredbyothergovernmentagencies.  True    False 12.ThethreeCanadiangovernmentagenciesthatsponsort

6、hecreationofmortgage-backed,passthroughsecuritiesare:CMHC,FNMA,andCDIC.  True    False 13.OnSeptember7,2008,FNMAandFHLMCwereplacedunderconservatorshipandbotharecontrolledbyaU.S.federalgovernmentagency.  True    False 14.CMHCwillsecuritizeconventionalmortgagesissuedbyCanadiandeposit-ta

7、kinginstitutions.  True    False 15.ThesecuritiesthatformaNHACMHCpass-throughareTreasurybonds,bills,andnotes.  True    False 16.Alltranchesinacollateralizedmortgageobligation(CMO)havethesameprepaymentriskexposure.  True    False 17.NHACMHCMBSpass-throughscanassistanFIinresolvingdurati

8、onmis