What are the typical duties of a special servicer?
Answer to relevant QuestionsHow does the analysis of a commercial mortgage-backed security differ from that of a residential mortgage-backed security? What types of prepayment protection provisions result in a prepayment premium being paid if a borrower prepays? What is the limitation of a third-party guarantee as a form of credit enhancement? The below questions relate to auto loan-backed securities. Answer each one. (a) What is the cash flow for an auto loan-backed security? (b) Why are prepayments of minor importance for automobile loan-backed securities? (c) ...What is meant by a cash flow waterfall?
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