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No bailout for father of mortgage-backed securities

This is a discussion on No bailout for father of mortgage-backed securities within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The irony is that Frankly Bank’s chairman and co-founded is Lewis Ranieri, largely credited with helping to invent the bmortgage/b-backed ...


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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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Old 11-10-2008, 09:50 PM
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Default No bailout for father of mortgage-backed securities

The irony is that Frankly Bank’s chairman and co-founded is Lewis Ranieri, largely credited with helping to invent the bmortgage/b-backed security. Yes, the father of MBSes, that now famous investment vehicle at the heart of today’s b.../b

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