Securitization: Bundling Up Loans for Investors Worked Well Until It Didn't

Securitization: Bundling Up Loans for Investors Worked Well Until It Didn't — Photograph by Getty Images

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December 5, 2014 at 1:58 AM UTC

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This article is part of the December 8, 2014 issue of businessweek.

Securitization: Bundling Up Loans for Investors Worked Well Until It Didn't

1970 Ginnie Mae bundles mortgages together into Pool No. 1 and sells shares of it to investors.