Successfully navigate the mortgage-backed securities field with the data, analysis, and practical tips found in Mortgage-Backed Securities. This concise, easy-to-use guide provides comprehensive coverage of all the important legal, legislative, and economic issues relating to the contemporary secondary mortgage market, including: • The essential characteristics of mortgage-backed securities • The interplay of federal and state legal requirements • Tax consequences • Pension fund investments • Accounting and rating of mortgage-backed securities • Banking concerns • Bankruptcy issues An appendix contains a glossary of the terms, a table of cases, and a table of laws and rules.