Friday, July 27, 2007An excellent explanation
Yesterday, I reported that Zillow featured an article I had written.
The article was an attempt to explain the complex world of Mortgage Backed Securities. Lenders don't just create mortgage rates willy-nilly.
I found this video from CNBC with Steve Liesman explaining in simple terms how the Puddles are combined into larger Pools. This happens to show this as a SubPrime version.
This is more about how those Pools are then divided so that different investors can take "ownership" of different facets of the Pool.
Good Job Steve!
Labels: 10 Year, Forecosure, Markets, mortgage, mortgage planner, Mortgage professional, Sub-Prime, TV
posted by Mike 
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