The concept aimed to transform the mortgage market by aggregating numerous mortgages to create a new type of financial security. This approach sought to offer investors innovative alternatives to conventional bonds issued by governments and corporations, effectively turning mortgages into bond-like investments.

By bundling mortgages, financial institutions could attract investors looking for higher yields, while also spreading the risk associated with individual loans. This reinvention of mortgages not only changed the landscape of investment but also had significant implications for the housing market and the economy as a whole.