[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

[viking]

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!

[kapilsachdeva78]

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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