User_gary Posted 18 years ago
Grammar
represent claims, debt obligations, assembled into pools
Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool, a process known as securitization.
Please explain the emboldened parts.
Please explain the emboldened parts.
Top answer
debt obligations that represent claims to the cash flows from pools of mortgage loans = money owed by groups of people who have bought houses and other buildings . assembled into pools = collected into groups
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debt obligations that represent claims to the cash flows from pools of mortgage loans = money owed by groups of people who have bought houses and other buildings.
assembled into pools = collected into groups
debt obligations that represent claims to the cash flows from pools of mortgage loans = money owed by groups of people who have bought houses and other buildings.
assembled into pools = collected into groups
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