Archive for June, 2011

Purchasing Mortgage-Backed Securities Does Not Give the Government the Ability to Modify Mortgages Backing the Securities

June 7, 2011

The residential mortgage-related assets that the government is proposing to purchase in  the bailout plan are for the most part not mortgages themselves.  Rather, the assets are mortgage backed securities (MBS).  An MBS is a security issued by a trust (SPV) that has been specially  created for a securitization transaction.  The SPV will purchase large pool […]

Posted in Real Estate Coaching | Comments Off