Support Mises!
Notes in the Margin

Pollock: Unlocking the Value of Low-Rate Home Mortgages

Notes in the Margin Alex J. Pollock Paul H. Kupiec
Print this page

“In a defeasance transaction, the borrower posts US government securities as collateral with a licensed trust or escrow agent.”

image/svg+xml
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute