Capital Markets Examiner School, Providence, RI

AGENCY VS PRIVATE MORTGAGE STRUCTURES The Big Short . Dir. Adam McKay. Perf. Ryan Gosling, Christian Bale, and Steve Carell. Paramount Pictures, 2015.

Private Label Mortgage Products

 Issued by private companies, usually banks, mortgage companies, brokerage companies, and even homebuilders

 Same types of products that the Agencies issue  Pass-Thru Pools, CMO, CDO, REMIC

 However, the issuer does not assume the credit risk