Or they might even start to buy things that aren't Treasuries.

I have 4 billion in residential CDOs, collateralized debt obligations.

Those are essentially derivative securities that are derived from mortgage backed securities.

And that caused housing prices to go up.

Residential Area

Home Address

The mortgage...

We would lower standards on what it took to get a mortgage.

why.

Home Address City

Home Address Country

Home Address Label

This is highly rated mortgage backed securities, maybe they have a slightly higher interest rate.

So when housing prices go down, that's the only situation where really you should have foreclosure.

If you look at the major categories they have food and beverages, housing

Home Address Street

You know, Chelsea West.

Preferred, then Home Address

Certification

Most of the loans we're familiar with in our personal

Home Address Post Office Box

Then he walked slowly up the street, and then down again to the corner, still

Let's say it's um let's say its 10 billion of commercial mortgages.

So let me just say population.

We will be developing prefab houses.

Now you've been casing that family's house for months...

The housing shortage is very acute.

Home Address State

Home Address Zip Code

So let's think about how we manage our money.

So right here are a whole bunch of people's mortgages.

He built houses.

Old block of flats. ...caused by a faulty gas main.

So just in kind of our everyday personal finance world, your mortgage is actually secured debt.

I live in an apartment.

They're asked, Are you running out of food at the end of the month?

I mean factors like socioeconomic status, education opportunities, occupation and job security, housing, safe neighborhoods, social status and one that is particularly important to me the feeling that you have a place in society, the feeling that you have a social support system, the feeling that you are valued.

I guarantee it.

What we are going to do is go buy things like highly rated mortgage backed securities, or things like commercial paper, AAA corporate debt, so that those things, the interest on those things goes down.

This residential area is comfortable to live in.

This house is fireproof.

So my freshman year of college

This is annual insurance, for things like hazard insurance, and flood insurance, earthquake insurance, or whatever insurance you need where you live.

Well I have the original mortgage on my house.

And here I've been working for the last three years with a South Bronx developer to bring art to life to low income buildings and affordable housing.