SIE: 2.12. Asset-Backed And Mortgage-Backed Securities

Taken from our SIE Online Guide

2.12.  Asset-Backed and Mortgage-Backed Securities

Bonds that are backed by the cash flows of other kinds of debt are called asset-backed securities (ABS). These securities can be backed by many kinds of debt, including residential mortgages, commercial mortgages, auto loans, and credit card debt obligations. Creating securities out of different types of cash flows is call

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