mortgage-backed security


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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 ?
Because it was assumed that the mortgage-backed security market was "illiquid," the government would become the buyer of last resort for these products.
Question--How is the yield on a mortgage-backed security determined?
This issue, Exchange of InterestOnly and Pyincipal-Only Securities for a Mortgage-Backed Security, concerns exchange transactions involving mortgage-backed securities.
10 on the 1994 BE INVESTMENT BANK LIST) became the first minority firm to lead-manage a special type of mortgage-backed security deal called a REMIC for the Federal National Mortgage Association.
In 1970, the Government National Mortgage Association (GNMA) created the first publicly traded mortgage-backed security. Soon, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), both government-sponsored agencies, also developed mortgage-backed securities.
The RTC was the single-largest reason black-owned investment banks increased their activity in the mortgage-backed security sector in 1991.