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The role of securitization in mortgage lending


Abstract: Recent media coverage on the problems in the subprime mortgage market has featured an alphabet soup of abbreviations, such as MBS, CDO, and SIV. What do these terms stand for? And how do they fit into the mortgage financing process?

Keywords: Mortgage-backed securities; Mortgage loans;

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2007

Issue: Nov

Order Number: 244