Save the Mortgage Backed Securities, Save the World

I just want to take this first line by saying that I do not think I am smarter than all the financial geniuses out there and that I am not asking for any credit should my question make real difference. I just have this tendency to ask questions from out of left field that, on the face of them, make no sense. Well, think about this one (and if my understanding of the issue is fundamentally flawed, please let me know):

“Can the Mortgage Backed Securities, which have no known value thanks to Mark to Market accounting, be broken down into their individual mortgage pieces which Do have a known value?”

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