Counties are also used on paperwork for mortgage securities in banks.
The new rules are intended to help buyers who pay in advance but do not get the mortgage securities they have agreed to buy.
The Fed owns over a trillion dollars worth of mortgage securities.
He noted that mortgage securities, because of their high interest and quality, are attractive to these investors.
They will be able to purchase a limited, but explicit federal guarantee of the mortgage security, not the association.
For a mortgage security with an estimated average life of 3.41 years, the yield will be 8.41 percent.
The relatively simple pass-through mortgage security has been around since 1970.
Like all bonds, mortgage securities lost value as interest rates went up.
The market for subprime mortgage securities worked in a very similar way.
The hardest-hit department was mortgage securities, where about 50 staff members were laid off.
