Those are essentially derivative securities that are derived from mortgage backed securities.

Welcome to my presentation on mortgage backed securities.

I have a whole video on mortgage backed securities.

And they rate these assets, these mortgage backed securities.

CDOs, collateralized debt obligations, are derived from mortgage backed securities.

And so money came from when the owners of each of these mortgage backed securities each, let's say, paid 1,000 for the mortgage backed securities.

You call them stock, or stock options, derivatives, mortgage backed securities.

Welcome back to my series of presentations on mortgage backed securities.

And these shares would be called Mortgage Backed Securities. or sometimes MBSes.

Well it comes from the investors in the actual mortgage backed securities.

This is highly rated mortgage backed securities, maybe they have a slightly higher interest rate.

Maybe they'll buy mortgage backed securities, so it makes the mortgage market a little bit looser, a little bit more liquid.

You might just want to watch the video on mortgage backed securities and collateralized debt obligations if you need a refresher there.

There are a part of a general class called Asset Backed Securities because what is going to happen now is that all of this money flowing from home owners will go the mortgages which is now on the Specail Purpose Entity.

And this is what you probably read some articles about, these hedge funds with these computer models to value their mortgage backed securities.

Something about phony securities.

They're fairly liquid securities.

It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

Mortgage backed security.

Totally backed up.

But essentially what happened is the investors in the mortgage backed securities provided the money to the special purpose entity to essentially loan to the borrowers.

He backed abruptly away.

LDB backed for KConfig

And I know that you have some type of assets, you have some of these residential mortgage backed securities, or you have some of these derivative assets there.

I would have backed up.

Would you rather have something backed by gold or backed by the U.S. government?

So the 1 million asset would really become an 800,000 asset.

But you should watch the videos on mortgage backed securities and collateralized debt obligations, if you want to get a better understanding of exactly how the money flows go.

So in exchange it gets treasury securities.

And equity securities you're probably familiar with.

We're from the Securities and Exchange Commission.

It's the same asset.

So that's the asset.

So it's an asset.

That's an asset, right?

They backed me up in everything.

They backed him up in everything.

All his friends backed his plan.

Nobody backed up what I said.

Traffic downtown is all backed up.

My house is backed by woods.

Default route could not backed up.

And it's not backed by gold.

For backed up values for the min nodes, the backed up value is always the minimum.

That's its asset it has.