MBS Backed by Flawed Mortgages Making a Comeback | Practical Law

MBS Backed by Flawed Mortgages Making a Comeback | Practical Law

An update on renewed investor interest in mortgage-backed securities (MBS) backed by less-than-prime assets, including both subprime mortgages and so-called "scratch and dent" mortgages approved with incomplete records or made to borrowers who have missed payments.

MBS Backed by Flawed Mortgages Making a Comeback

Practical Law Legal Update 5-505-6796 (Approx. 3 pages)

MBS Backed by Flawed Mortgages Making a Comeback

by PLC Finance
Published on 12 Apr 2011USA (National/Federal)
An update on renewed investor interest in mortgage-backed securities (MBS) backed by less-than-prime assets, including both subprime mortgages and so-called "scratch and dent" mortgages approved with incomplete records or made to borrowers who have missed payments.