User:Writergun

A REDO (Real Estate Debt Obligation) consists of a note and mortgage, backed by real estate, in which the mortgagor is in default. A REDO is sometimes referred to as a “non-performing asset” or even “toxic asset”.

Contents 1 Origin 2 Market freeze 3 Geithner bail-out 4 Types of assets 5 Related terms 6 See also 7 References