Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (15894)	6/25/2004 4:31:14 PM
From: ild	Read Replies (1) \| Respond to of 110194

Mortgage-Backed Security (MBS). Financial instrument representing an interest in a pool of loans secured by mortgages. Principal and interest payments on the underlying mortgages are used to pay principal and interest on the securities. The generic term encompasses passthrough securities and mortgage-backed bonds. Freddie Mac and Fannie Mae guarantee the timely payment of principal and interest on the mortgage-backed securities they issue. freddiemac.com