MBS – Mortgaged Backed Securities

  • CMBS
  • RMBS
  • 2008 0221 – Report – Connecticut – Mortgage-Backed Securities, 2008-R-0119, By Soncia Coleman, Associate Legislative Analysis – [link]
    • Government National Mortgage Association (Ginnie Mae), which issued the first mortgage pass-through in 1970….
  • Summary: Securitized assets have existed since the introduction of collateralized mortgage obligations (CMOs) in 1983.
    • Mortgage-backed securities (MBS) and various types of asset-backed securities (ABS) now provide a myriad of choices for terms and characteristics.
    • New types of ABS are developed every year, some of them created by insurance companies based on liability cash flows.
    • This session gives an overview of the types of securitized assets, the similarities and differences, and the risks and rewards of the various choices.

2001 – SOA – Introduction To Securitized Assets, Society of Actuaries – 36p