Everything You Need to Know About Mortgage Backed Securities with Impac President William Ashmore

Since co-founding Impac in 1995, Bill has been personally... no, intimately involved in securitizing tens of billions of dollars in mortgages, so as you'd imagine, he knows the difference between a tranche... and a trench. He knows how the ratings agencies rated bonds AAA that later were downgraded to BBB and below. He understands what Credit Default Swaps are "swapping," and all the different types of insurance that many people have come to believe "paid off their loans," at least once.''