mortgage-backed security

(redirected from Mortgage pass-through security)
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Related to Mortgage pass-through security: Collateralized Mortgage Obligations, Mortgage Backed Bond
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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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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The complexity of investors' needs and the scope of lenders' operational capacities have changed dramatically since Freddie Mac created the conventional mortgage pass-through security in 1971.