One of the financial terms you might have heard recently is this one: mortgage pool. This term is being seen more as mortgage backed securities continue to make headlines, thanks to IndyMac, Fannie Mae, Freddie Mac and investment bank issues. Investopedia offers this definition of mortgage pool:
A group of mortgages held in trust as collateral for the issuance of a mortgage-backed security. Some mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae are known as "pools" themselves. These are the simplest form of mortgage-backed security.
image credit: US government
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