Drafting and Securitizing Participation Mortgages: A Re-Introduction
37 Pages Posted: 23 Feb 2015
Date Written: February 21, 2015
This paper will reintroduce, explore and expand on the financing arrangement known as a Participation Mortgage. First, this paper will cover the features, history and policy purposes behind the mortgage. Second, the paper will focus on legal mechanics and drafting considerations of Participation Mortgages so that they may later be securitized. Finally, the paper will explore the possibility and legality of creating Participation Mortgaged Backed Securities to be sold in the secondary market.
Keywords: Participation Mortgages; Securitization
JEL Classification: K10, K12, K22
Suggested Citation: Suggested Citation