https://www.youtube.com/watch?v=csQUNX-xnBc
At 1:48: They said they sell MBS to a 'tranche'. I looked it up and it's actually a form of financial security. Who exactly is the 'tranche'? Are they institutions or what?
At 1: 54: 'The tranche in turn issues bonds leveraged against the income provided by the mortgage payments.' and at 2:17 'they also receive the benefit of buying the bonds leveraged off of these same mortgages' What do these mean?
Submitted September 29, 2018 at 10:35AM by TheDarkKnightBegins https://ift.tt/2xLhwQp
