What is a Mortgage Backed Security (MBS)?

 An overview of the financial product Mortgage Backed Security (MBS). Describes the traditional model of mortgage lending, and how that changed with the introduction of the MBS. I also provide a brief overview of what Securitization is, and how MBSes played into the 2008 crash. This is the first in a series of explainers…
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What is a Mortgage Backed Security?

 Do you have a MERS Mortgage? Do you know what happened to your mortgage at the closing table? A mortgage-backed security (MBS) is a securitized interest in a pool of mortgages. It is a bond. Instead of paying investors fixed coupons and principal, it pays out the cash flows from the pool of mortgages.…
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The History of Mortgages

Most of us don’t think of what the word mortgage means as what it does for us. Believe it or not, the term ‘mortgage’ has been around for a long time, dating back to approximately 1190. It was after the conquest of 1066 in England that a group of persons formed the basis of English…
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Bank Mortgage Systems

Detailed information on all kinds of Bank Mortgage Systems and how to join each and every Bank Mortgage Systems as a publisher.