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Tip of the Day Get a Professional Certificate

Get a Professional Certificate - When you decide which profession you wish to enter, you should check first to see if your chosen field offers a certificate. If it does...

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Mortgage Pass-Through Security


Mortgage Pass-Through Security - Mortgage Pass-Through Security is a security created when one or more of the mortgage holders form a collection pool of the mortgages and sell the shares or participation certificates in the pool, a pass-through. A mortgage pass-through security consists of a set of marketable shares in a portfolio of mortgages for which investors received monthly payments of both interest and principal. Normally the package secured by credit insurance (PMI) so the investors are safe from the credit risks of the individual mortgages in the portfolio. No protection provided against the cash flow and return volatility associated with unanticipated principal prepayments.

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Definition of the Day Black Tuesday

Black Tuesday - Black Tuesday took place on October 29 in the year 1929 and was probably the most famous stock market crash ever to be remembered in stock market history. On this day, the stock market's stocks lost 13 percent of their value and...

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