Mortgage Backed Securities (MBS) Explained
What are Mortgage Backed Securities, and why do I need to learn all of these complicated terms just to get a loan modification? Before the foreclosure / credit crisis , homeowners never had to concern themselves with complicated mortgage fundamentals such as mortgage backed securities, credit default swaps , and Net Present Value . With a booming economy, low unemployment, and an abundance of home equity, very few borrowers were faced with the nightmare of navigating the foreclosure process . Unfortunately, the Making Home Affordable Loan Modification Program is just one of the many foreclosure terms that has become the topic of everyday conversations.
Mortgage Backed Securities (MBS) Explained
