Mortgages Loans

What do you mean by "pooling of loans or mortgages?

This means that an investment company mortgage loans purchased hundreds of different mortgage loans, put them in a large group (pool) and then sold in fractional amounts for investors. Supposedly, by pooling the mortgages, it minimized the risk to investors. Over time it has been said, did not. Investors lost money and borrowers lost their homes in many cases.

Advantages to Choosing 30 Year Fixed Rate Mortgage Loans