. Distinguish between a mortgage and a mortgage - backed security.

LG 7-1. Distinguish between a mortgage and a mortgage - backed security. 

 LG 7-2. Describe the main types of mortgages issued by financial institutions. 

 LG 7-3. Identify the major characteristics of a mortgage. 

 LG 7-4. Examine how a mortgage amortization schedule is determined. 

 LG 7-5. Describe some of the new innovations in mortgage financing.



Saunders, Anthony; Cornett, Marcia (2012-07-01). Financial Markets and Institutions, 5th edition (Page 213). Business And Economics. Kindle Edition. 
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