“There's mortgages that are valid that can be sold in a…” — Y Combinator Startup Podcast at 4:10
“There's mortgages that are valid that can be sold in a securitization secondary market. If they're not a valid mortgage, you have to hold them on your books or you have to figure out some other way of private label securitization and all this other fun stuff. So all the companies that started doing mortgages, most of…”
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