Finance
In New Mexico, a 'commercial mortgage-backed security' (CMBS) is:
AA government-guaranteed commercial mortgage
BA bond backed by a pool of commercial mortgage loans sold to investors✓ Correct
CA type of property insurance
DA New Mexico-specific commercial loan product
Explanation
CMBS are bonds backed by pools of commercial mortgages. Lenders originate commercial loans, bundle them into pools, and sell bonds backed by the loan payments to investors in the capital markets.
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