Sutro Mortgage Investment Trust - Uncut Pair of Specimen Bonds - Unique
Inv# SE2870 Specimen Bond
$5,000 Specimen Bond printed by American Bank Note Company. 2 pages! Sutro Mortgage Investment Trust was founded in 1973 by Robert Sutro. Their main location was in Beverly Hills, California on Wilshire Blvd. Sutro cultivated the packaging of mortgages to sell to pension plans and insurance companies creating Mortgage Backed Securities.
A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Bonds securitizing mortgages are usually treated as a separate class, termed residential; another class is commercial, depending on whether the underlying asset is mortgages owned by borrowers or assets for commercial purposes ranging from office space to multi-dwelling buildings. Read more at https://en.wikipedia.org/wiki/Mortgage-backed_security
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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