How do mortgages make it to Wall Street anyway? None of the following is essential to understanding mortgages from a personal finance standpoint, I just thought the details of mortgage securitization and mortgage bond trading and structuring would be interesting for some people.
via How Mortgage Bonds Are Made – Business Insider.
- Fannie Mae Said to Plan $1 Billion Sale of Home Mortgage Bonds – Bloomberg (bloomberg.com)
- Feds Sue S&P Over Bad Mortgage Bond Ratings (broadcastarchives.net)