Mortgage-backed securities (MBS) are those issued in securitization processes by credit institutions or any other entity addressed in Law 546/1999 §1. They may be either equity securities or credit-backed securities, Correspondingly, credit institutions and the entities addressed in Law 546/1999 §1 may transfer the mortgage loans that they possess in their favor, where they are the creditors, including the respective collaterals and any other benefits, to securitizations companies or trusts for them to issue mortgage-backed securities in securitization processes.
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