mortgage-backed security

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Related to Mortgage-backed Securities: Stripped Mortgage-Backed Security, Asset-backed securities
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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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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.
Last autumn's severe disruption in the commercial mortgage-backed securities (CMBS) market is just a memory now.
hired Ranjit Kripalani, former head of mortgage-backed securities at Chase Securities Inc.
18 /PRNewswire/ -- A previous release announcing the lowered ratings of Delphi Financial Group implied that Reliance Standard Life's invested assets consisted 100% of mortgage-backed securities, which is not the case.
Others are firms that focus tightly on underwriting issues in such areas as regionally based public finance or mortgage-backed securities.
Concerns intensified in early 1990, when orderly liquidation of units of the Drexel Bumham Lambert Group was threatened by difficulties in settling transactions in certain mortgage-backed securities and in foreign exchange that arose when participants lost confidence that the units would fulfill their settlement obligations.
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.
The management team of C-BASS and CIM has extensive expertise in mortgage investing, trading, securitization, servicing, and the tax aspects of mortgage-backed securities and lending.
They could avoid this risk entirely, and still provide liquidity to the housing market, simply by creating pools of mortgages and selling mortgage-backed securities to investors.
That's how securitization works: By creating mortgage-backed securities, sellers usually get the highest prices for their loans.
14 /PRNewswire/ -- The Government National Mortgage Association (GNMA) has reached a major landmark in its 26 year history: it has guaranteed a total of $1 trillion in mortgage-backed securities, which has helped provide mortgage loans for an estimated 17.