Assertion: underlying mortgage | /r/HasProperty | private market transaction
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text: transform relatively illiquid, individual financial assets into liquid and tradable capital market instruments allow mortgage originators to replenish their funds, which can then be used for additional origination activities can be used by Wall Street banks to monetize the credit spread between the origination of an underlying mortgage (private market transaction) and the yield demanded by bond investors through bond issuance (typically a public market transaction) are often a more efficient and lower-cost source of financing in comparison with other bank and capital markets financing alternatives.