I'd like to know £º
1. the basic procedure of mortgage based securitization(MBS)
2. what kind of organization are involved in MBS
And
3. contracts or deals needed to finish the transaction.

Thanks

Mortgage Backed Securities (MBS) - Is a broad term which encompasses securities carved out of receivables out of mortgage funding. MBS are further classified into residential mortgage-backed securities and commercial mortgage-backed securities. The generic term also includes private label and agency securities, pass-throughs, or derivatives such as Collateralized Mortgage Obligations. It can refer to the Over-the-Counter options on mortgage backed securities as well. These mortgage backed securities are viewed as either plain vanilla or exotic.

This is a site that has a 36 page article on the MBS industry in the UK. It is only updated through 1994 but the fundamental haven't changed much.

http://www.knowledgeplex.org/showdoc.html?kpid=2535

Hope that helps!

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Originally Posted by oracle

I'd like to know £º
1. the basic procedure of mortgage based securitization(MBS)
2. what kind of organization are involved in MBS
and
3. contracts or deals needed to finish the transaction.

thanks

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