tarik64

Same here I think it was an error, because ok: in a non amortizing mbs the minimum payment may not be even the interest, so that one is incorrect, but the other two are correct statements.
The one about collateral, it doesnt change for an amortizing security (just for defaults or when payment is finished for a bond) but if it is for this reason it would be a very very very tricky answer
The principal payments is all correct