When economists say that mortgages are "securitized" what do they mean by this description?
What will be an ideal response?
It means that the mortgage documents are pooled and then mortgage-backed securities are sold to investors who want to take different degrees of risk.
Economics
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The behavior of firms is best understood by focusing on
a. money profit b. economic profit c. accounting profit d. economic profit minus implicit costs e. money profit minus explicit costs
Economics
Macroeconomics is the study of
A. output in particular industries. B. how individuals make important decisions. C. aggregate economic variables. D. all of these.
Economics