mortgage-backed security

(redirected from Mortgage Pass-Through Securities)
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Related to Mortgage Pass-Through Securities: Collateralized Mortgage Obligations
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  • noun

Words related to mortgage-backed security

a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public

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References in periodicals archive ?
The CMO market makes available mortgage-backed instruments that are more attractive to banks than standard mortgage pass-through securities because the effective maturities of some CMO tranches better match those of banks' deposit liabilities and thus serve to limit interest rate risk.
These assets, which include government-guaranteed collateralized mortgage obligations and mortgage pass-through securities, rose nearly 24 percent.