As homeowners pay down mortgage principal early, refinance their mortgages, or default on their loans, the payments to bondholders fluctuate. The name given to these bonds that investors buy is mortgage-backed securities, or MBS for short.
Fox Sports broadcaster Joe Buck (right) married his fiancÃ©e, NFL Network reporter and host Michelle Beisner, over the weekend in a wedding ceremony in Cabo, Mexico. Photo: Reuters.
Joan Crawford was married to PepsiCo president Alfred Steele from 1955 to 1959 (his death), and was advertising executive and board of directors member from 1959 to 1973. Hal Linden (Barney Miller) did the voice over and it was a BBD&O hit Commercial. Nicoletti was signed by legendary ad man Phil Dusenberry.