1. What is the main factor which can cause the Weighted Average Maturity of the A tranch of a CMBS issue to be lower (shorter) than lower tranches?
Superior credit quality.
Prepayment of loans.
More “weight” attributed to higher quality financial issues.
Less demand from non-institutional investors.
2. Which of the following is NOT a type of REIT?
Partnership trust
Mortgage trust
Equity trust
Hybrid trust