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Assured Guaranty Ltd. Message Board

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  • hounddawgie hounddawgie Mar 18, 2009 6:33 PM Flag

    FASB Working on Additional Fair Value Guidance

    A Mortgage Backed Security dissappears once all the underlying collateral (home mortgages) have been refinanced/paid-off or sold out of foreclosure. At this point in time, the owner of the MBS will have received all of the principle and accrued interest for the security he hold.

    After the Fed's statement today, all of the mortgages in MBS are going to be replaced by good 4% mortgages sponsored by yes, yes.....the taxpayer.

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