The following question refers to the securitization transaction “CMLTI 2006-NC2” which is discussed in the FCIC report and in the FCIC resource library.
The AAA rated portion of the CMLTI 2006-NC2 transaction was only 23% of the total. The remaining 77% was rated BB- by Standard & Poor’s.
True or False? Why?
The following question refers to the securitization transaction “CMLTI 2006-NC2” which is discussed in the FCIC report and in the FCIC resource library.
Tranche A2-A had a lower yield than tranche M-1.
True or False? Why?
The following question refers to the securitization transaction “CMLTI 2006-NC2” which is discussed in the FCIC report and in the FCIC resource library.
CDOs invested only in the safe “A” rated tranches of the transaction.
True or False? Why?