______ securities are backed by a pool of mortgage loans purchased from lenders,such as savings banks.

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Mortgage pass-through securities are backed by a pool of mortgage loans purchased from lenders. The cash flows from the underlying mortgage loans are passed through to investors in the form of periodic payments. Mortgage bonds may be backed by mortgages but are typically issued by a single issuer and may be secured by various types of collateral. Commercial paper and corporate bonds are not typically backed by mortgage loans.

______ Securities Are Backed by a Pool of Mortgage Loans