But mortgage pools are messier than most bonds.

但抵押贷款的困乱超过了大多数债券。

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Initially, the Fund will buy discounted pools of commercial mortgage debt and originate first mortgage and mezzanine loans on high-quality commercial real estate properties.

首先，这期基金将用于以一定的折扣购买商业抵押贷款债务，并建立第一期针对高端商业房产的按揭房贷。

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Firstly, by constructing pools of mortgage and analyzing character of different kinds of MBS, the dissertation design a kind of MBS adaptable for Chinese initial MBS market.

本文从住房抵押贷款集合构建、MBS品种选择两方面入手，设计了我国住房抵押贷款证券化试行阶段的MBS，针对该证券特点展开定价讨论。

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The way to get better yields is to buy mortgage-backed bonds, which are shares in mortgage pools.

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The manufacture of these mortgages appeared to be driven by a limitless demand for securitized debt, with investors throughout the world buying interests in various mortgage pools.

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Modifying the terms of the underlying mortgages for some of these securities will mean payments even lower than the amounts investors had counted on when they bought the mortgage pools in the first place.

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