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 ...

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