CHAPTER 9 Securitization

“Robert M. Greer is apartment hunting, even though he doesn’t need a place to live. What the Lones Lang Wooton managing director is seeking is the best apartment buildings for inclusion in a securitized mortgage portfolio.”

American Banker, October 2, 1990

Glossary of Terms

GNMA: Government National Mortgage Association (see Chapter 5).

FNMA: Federal National Mortgage Association (see Chapter 5).

FHLMC: Federal Home Loan Mortgage Corporation or “Freddie Mac” (see Chapter 5).

FHA: Federal Housing Administration is a federal agency within the HUD Department. The FHA makes no loans, but it operates a variety of loan insurance and subsidy programs designed for low-income housing to help stabilize that segment of the ...

Get Contemporary Financial Intermediation, 2nd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.