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hi i am discussing with my sister and brothers when the first mortgage issued. thanks

Q: When was the first mortgage backed security issued in the US?

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hi i am discussing with my sister and brothers when the first mortgage issued. thanks

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A government-backed mortgage is commonly referred to as an "insured mortgage." This type of mortgage is backed by a government agency or entity, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA), to provide lenders with added security in case of borrower default.

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The purpose of commercial mortgage backed securities is to take out loans using commercial mortgage properties as a form of collateral. You can learn more about this at the Wikipedia. Once on the website, type "Commercial mortgage backed security" into the search field at the top of the page and press enter to bring up the information.

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The symbol for Vanguard Mortgage-Backed Securities ETF in NASDAQ is: VMBS.

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A mortgage is backed by real estate owned by the mortgagor.

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