Asset-backed securities, specifically mortgage-backed securities, were at the center of the 2007-2008 financial crisis. These were the investments created by the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, by pooling together mortgages and then selling slices or tranches of pooled mortgages to investors in the open markets.
Federal Reserve Bought Up Asset-Backed…
Asset-backed securities, specifically mortgage-backed securities, were at the center of the 2007-2008 financial crisis. These were the investments created by the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, by pooling together mortgages and then selling slices or tranches of pooled mortgages to investors in the open markets.
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