PDA

View Full Version : HBFIS - Chapt. 29 Question


Caramel
01-13-2008, 05:45 PM
The book stresses that for auto-loan ABS, it's important to transfer the entitlement of the collateral into a SPE (speical-purpose entities) which is remote from bankruptcy risk in order to protect ABS investors.

My question is, why in the case of MBS or CMOs, it's less important to transfer the entitlement of the properties (houses, commercial properties) into a SPE?

Thanks

Car'a'carn
01-14-2008, 03:38 PM
I do not think this chapter in on the syllabus, is it?

hamstrman
01-15-2008, 11:57 AM
I do not think this chapter in on the syllabus, is it?

In fact, it is not.

Caramel
01-15-2008, 03:32 PM
This chapter is not on syllabus?
Gosh, I guess I drank too much Starbuck coffee right before I dived into my study evening!
Thanks anyway!

Caramel
01-15-2008, 04:57 PM
To start studying for APM ahead of time, I followed the syllabus and JAM study schedule published in 2007.

As only early this week, I was happy to have covered about 45% of readings, today I did a quick comparison of the syllabus and study schedule of 2008.

My progression % has suffered heart-breaking drop of 8%, adjusting to the new JAM study schedule. And my readings are quite random compared to the order suggested by Mr. Carmody.

I am crying, hauling and pulling off my hair in my cubicle right now...silently though.

Can someone please just shoot me?! So frustrated!