A mechanism of issuing MBS wherein the mortgages' collateral is deposited with a trustee under a custodial or trust agreement. Found on http://www.encyclo.co.uk/local/20047
A trust in which the person establishing the trust retains enough 'ownership rights' or 'incidents of ownership' that the person is treated by the IRS as the owner of the trust assets for tax purposes. The right to revoke the trust is sufficient to make the trust a grantor trust. Found on http://www.encyclo.co.uk/local/21196