答案和详解如下： 1.During a fixed income securities panel session on the European and U.S. mortgage markets, one of the panelists made the following statements. Statement 1: | The mortgage debt-to-GDP ratio in Europe is significantly lower than it is in the U.S.
| Statement 2: | The percentage of European citizens that own their own home is slightly less than the percentage of U.S. citizens that own their own home. | Statement 3: | Whole loan products in the U.S. have the advantage of not having to be marked to market. |
Which of the following most accurately describes the accuracy of the panelist’s statements?
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Statement 1
| Statement 2
| Statement 3
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A) Correct Correct Correct B) Incorrect Correct Incorrect C) Correct Correct Incorrect D) Incorrect Incorrect Correct The correct answer was A) All of the statements are accurate. 2.During a panel discussion on the European and U.S. mortgage markets, one of the panelists made the following statements. Statement 1: | Retail deposits represent the major source of mortgage debt funding in the U.S. mortgage markets. | Statement 2: | On a percentage basis, home ownership is slightly greater in Europe than it is in the United States. | Statement 3: | The mortgage debt-to-GDP ratio in Europe is significantly lower than in United States. |
Which of the following most accurately describes the accuracy of the panelist’s statements?
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Statement 1
| Statement 2
| Statement 3
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A) Incorrect Incorrect Correct B) Incorrect Correct Incorrect C) Correct Correct Correct D) Correct Incorrect Correct The correct answer was A) Statement 1 is incorrect because securitized debt and agency debt are the major sources of mortgage debt funding in the U.S. mortgage markets. Statement 2 is incorrect because home ownership, on a percentage basis, is slightly greater in the U.S. than Europe. 3.During a fixed income securities panel session on the European and U.S. mortgage markets, one of the panelists made the following statements. Statement 1: | In the U.S. market, data availability is fairy constant and standardized credit scoring systems are well established. | Statement 2: | The Fair Issac Corporation (FICO) credit scoring system used in the U.S. considers fewer categories of consumer behavior than most of the existing European scoring systems. | Statement 3: | Accounting differences between Europe and the U.S. have a significant impact on the relative size and growth of the European whole loan market. |
Which of the following most accurately describes the accuracy of the panelist’s statements?
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Statement 1
| Statement 2
| Statement 3
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A) Incorrect Correct Incorrect B) Correct Correct Correct C) Correct Incorrect Incorrect D) Incorrect Incorrect Correct The correct answer was C) Statement 2 is incorrect because the FICO credit scoring system considers more categories of consumer behavior than most of the European credit scoring systems. Statement 3 is incorrect because even though there are accounting differences between Europe and the U.S., these differences do not have a significant impact on the size or growth of the whole loan market. | 
发表于 2008-5-20 15:05
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