The instrument is a form of senior debt that is paid back from the issuer's cash flows but is also secured against a ring-fenced pool of assets, such as mortgage loans, in the event of default.
这种证券是优先债务形式的一种，发行者需要用自己的现金流来偿还，并且要有一定隔离的资产池作为保障，比如说抵押贷款，以免发生不能履行责任的情况。
More and more investors are coalescing into groups, hopeful of reaching the threshold at which they can instruct mortgage-pool trustees to act against servicers (25% of note-holders in a given issue).
越来越多的投资者正聚集起来，希望能达到发动贷款池受托人来反对贷款服务者的人数底限(对某个议题来说是票据持有者的25%)。
They were set up decades ago to help banks pool concentrated regional mortgage risk and to make housing more affordable.
他们几十年前建立区帮助银行合作经营集中的地区抵押贷款风险，并且是的住房更加提供的起。 但是当市场已经变得更加难懂更加复杂的时候。
The weighted loan-to-value ratio for the loan pool is a rock-solid 63%. These are among America's safest mortgage bets.
此外，加权贷款价值比必须保持在绝对可靠的63%，这样就能保证这些抵押贷款处于美国最安全的抵押贷款水平。
Strict criteria on what assets can be used in the cover pool are necessary to reassure investors, but will leave many mortgage loans out in the cold.
关于可放入担保池的担保资产类型的严格标准对于安抚投资者来说是必要的，但同时排斥了很多抵押借款。
Strict criteria on what assets can be used in the cover pool are necessary to reassure investors, but will leave many mortgage loans out in the cold.
关于可放入担保池的担保资产类型的严格标准对于安抚投资者来说是必要的，但同时排斥了很多抵押借款。
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