mortgage-backed security

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ThesaurusAntonymsRelated WordsSynonymsLegend: 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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A mortgage-backed security (MBS) is a participation in a pool of residential mortgages (such as GNMAs and FNMAS).
A privately issued, mortgage-backed security that meets the criteria listed below is considered either a direct or indirect holding of the underlying mortgage-related assets and is assigned to the same risk category as those assets (for example, U.
Stewart's background in the commercial mortgage-backed security market, and his expertise in credit and risk analysis, make him a natural fit for our Structured Securities Group," said Mike Dunlop, Senior Vice President of 40|86 Advisors.