Those who held securities backed by these mortgages often got the bill.

It plans to use Hyder to sell securities backed by the company's cash flow.

It has not been decided whether the securities backed by the pool of loans will be privately insured.

Access to this information should allow market actors to make more informed assessments of asset backed securities.

They had thought their money had been safe in gilts (government backed securities).

One that was considered was applying a stamp tax, in effect, to securities backed by mortgages every time they changed hands.

A new type of security backed by credit card receivables was announced by two banks.

Last week, the fund sold about $3.6 billion in high-grade securities backed by subprime mortgages.

Mr. Dall had the idea of marketing a new security backed by residential mortgages.

Countrywide could then make more money off the loans by selling them on secondary markets as mortgage backed securities.