Defeased securities are debt instruments backed by cash or low-risk assets, neutralizing their impact on the issuer's balance sheet. Learn how this process lowers credit risk.

For the past several years, the U.S. housing market has faced an unusual constraint: not a lack of buyers, but a lack of sellers willing — or able — to move. Millions of homeowners remain “rate-locked ...

Some commentors have argued that defeasance violates “uncompensated taking” constitutional protections. While mortgage defeasance legislation would likely invite legal challenges, I will explain why ...