NO.PZ2018062012000013
问题如下：
In a non-recourse commercial mortgage-backed security (CMBS), if the borrower failed to make the balloon payment, which of the following statements is least accurate?
选项：
A.The lender can extend the loan over a period of time and charge a higher interest rate.
B.The lender can initiate a claim against borrower for the shortfall after sale of collerated property.
C.Balloon risk cannot be avoided in CMBS.
解释：
B is correct.
In a CMBS, if the borrower defaults, the lender can extend the loan over a period of time called "workout period" and modify the original terms of the loan and charge a higher interest rate, called "default interest rate", during the work period. In non-recourse CMBS, lender has no further claims apart from sale of collerated property.
看不懂
