1. Since September 2008 when Fannie mae and freddie mac were put under federal "conservatorship", the debt of these GSEs has been explicitly guaranteed by the United States.
True
False
2. A "conforming" single-family mortgage loan is one that is eligible for purchase by a GSE
True
False
3. RMBS and CMBS securitizations convert future cash flows of interest, but not principal, of pooled mortgage loans into marketable securities.
True
False
4. A "transitional" property is one that is being located from one location to another.
True
False
5. A "stabilized" property is one that is essentially fully leased, with stable income and operating expenses, creating predictable net operating income.
True
False
6. In MBS, the legal entity that is the owner of mortgage loans and also the issuer of marketable debt instruments is( )
7. The Financial Institutions Reform, Recovery and Enforcement Act of 1989 created what entity that was most important in the history of CMBS ( )