How to pronounce“gobbled”in English
large financial institutions securitize mortgages. Basically, they buy up thousands of individual mortgages, bundle them together, and sell shares of that pool to investors.
Investors gobbled these mortgage backed-securities up. Again, they paid a higher rate of return than investors could get in other places and they looked like really safe bets. For one,
home prices were going up and up. So lenders thought, worse case scenario, the borrower defaults on the mortgage, we can just sell the house for more money.
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Definitions of “gobbled”
simple past and past participle of gobble