Understand Mortgage-backed (MBS) and Asset-backed (ABS) Securities

You can set up and work with mortgage-backed securities (MBS) and asset-backed securities (ABS) when you use Eagle Accounting. Asset-Backed Securities (ABS) are bonds or notes that are backed, or collateralized, by cash producing financial assets. Asset-backed securities fall into two primary categories: Mortgage-Backed (MBS) and Non Mortgage-Backed securities.