Valuation of Residential Mortgage-Backed Securities
It has been identified that if non-conforming CTLs are reported as mortgage loans, the RBC calculation may be considered punitive for the. se. specific . designs. This is because the assessment of a CTL is based on the credit quality of the major tenant, whereas the RBC calculation factors. for mortgage loans. i. s. a loan-to-value (LTV ... ................
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