mortgage-backed security

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Related to Mortgage Backed: Residential mortgage 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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References in periodicals archive ?
Global Banking News-February 22, 2013--ING Australia could sell mortgage backed bonds(C)2013 ENPublishing - http://www.enpublishing.co.uk
In the past 18 months, dozens of companies have rushed to set up commercial mortgage conduits, feeding mortgages to the Wall Street investment banks that are now packaging them into Commercial Mortgage Backed Securities (CMBS).
Global Banking News-May 17, 2012--DZ Bank sues Barclays over mortgage backed securities(C)2012 ENPublishing - http://www.enpublishing.co.uk
Deutsche Bank AG (NYSE: DB) (DBK.DE) has said that it has appointed former Fannie Mae (NYSE: FNM) official Sal Mirran as Asia-Pacific head of residential mortgage backed securities, as the German bank increases its focus on originating and selling such products in the region.
Daiwa Securities American and Fannie Mac (Federal National Mortgage Association) have announced a new, $155.9 million Alternative Credit Enhancement Structures (ACES) transaction that creates a Fannie Mac Multi-family Mortgage Backed Security (MBS) backed by loans originated through Daiwa Securities' multi-family conduit.
Investor's hunger for mortgage backed securities shows no sign of abating - and that means opportunity for owners of commercial and multi-family properties looking for alternative sources of capital, said Thomas J.
Five Oaks said it intends to use the net proceeds from the offering to purchase non-agency mortgage assets (including prime jumbo residential whole loans, other mortgage loans and new issue non-agency residential mortgage backed securities, or RMBS), multi-family MBS, legacy non-agency RMBS and, to a lesser extent, agency RMBS.

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