What did i learn from this book?
For the Wall Street, got used to operate with large sums, the mortgage on one house didn't represent interest as the investment tool. To turned mortgages into bonds, it was necessary to depersonalize the Credits which had guarantees of "Ginnie Mae"(Government National Mortgage Association, GNMA carry out packing of housing mortgages in a form of mortgage bonds. "Ginny Mae" insures the credits for purchase of dwellings for families with the small income, and therefore in a case, when the house owner from this group of the population not in forces to extinguish the credit, its obligations are repaid by the Government of the USA) like the majority of other mortgage loans, provided gradual repayment of the main sum of the credit. As well as in the majority of other cases of mortgage lending,
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