Series 66: Asset-Backed And Mortgage-Backed Securities

Taken from our Series 66 Online Guide

Asset-Backed and Mortgage-Backed Securities

Bonds that are backed by the cash flows of other kinds of debt are called asset-backed securities (ABSs). These securities can be backed by many kinds of debt, including residential mortgages, commercial mortgages, auto loans, and credit card debt obligations. This type of financial practice is called securitization. The pr

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