mortgage-backed security

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Noun1.mortgage-backed security - a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government
certificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends; "he held several valuable securities"
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During the second quarter of 2006, American Home's mortgage loans and mortgage-backed securities ("MBS") in portfolio averaged $12.
From January 2000 through May of this year, Fannie Mae and Freddie Mae's combined "books of business" (retained portfolios and guaranteed mortgage-backed securities sold into the marketplace) have ballooned 77 percent to $3.
The risk transfers carried out through the commercial mortgage-backed securities market, however, have been very limited.
We now have a mortgage company which not only has the capacity to act as an originator of multi-family and commercial mortgage loans but also will issue its own Commercial Mortgage-Backed Securities (CMBS).
Others are firms that focus tightly on underwriting issues in such areas as regionally based public finance or mortgage-backed securities.
Issues of mortgage-backed securities can also be backed by the Government National Mortgage Association (GNMA), a government agency backed by the full faith and credit of the U.
MORTGAGE-BACKED SECURITIES This month's column discusses a consensus reached at a recent meeting of the FASB emerging issues task force (EITF or task force) concerning exchange transactions involving mortgage-backed securities.
But the most significant risk for Fannie and Freddie in any such legislation would not be a larger and perhaps more forceful investigator of their safety and soundness; it would be that any new legislation might forbid outright--or give their new regulator authority to limit--their purchases of whole mortgages and mortgage-backed securities.
Like mortgage-backed receivables, the consumer receivables assets have exhibited comparatively low delinquency/default rates.
Specifically, the Riegle Community Development and Regulatory Improvement Act of 1994 extends to commercial and multi-family real estate securities the same benefits enjoyed by residential mortgage-backed securities under the Secondary Mortgage Market Enhancement Act (SMMEA).
In recent years, black investment banks have made inroads in corporate finance, advisory services and mortgage-backed securitizations.