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| | "Mortgage-Backed Security" "Mortgage-Backed Obligation" definition |
 | | Similar securities or bonds backed by other forms of collateral or assets, such as credit-card receivables, car loans or mobile home loans, are called asset-backed securities or bonds, as distinguished from the various forms of mortgage-related securities. | | | Alternatively, the security may be a modified-pass-through so that the holder of the security is guaranteed monthly payments of interest, regardless of whether the payments of interest and principal are adequate to meet such payments. | | | Pass-through, unlike non-pass-through, securities are not retained on the balance sheet of the originator or issuer of the securities. |
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http://www.deltaalpha.com/terms/mortgagebacked.html
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| | Mortgage-backed security - Wikipedia, the free encyclopedia |
| | Collateralized mortgage obligation (CMO) is a more complex MBS in which the mortgages are ordered into tranches by some quality (such as repayment time), with each tranche sold as a separate security. | | | Pooling many mortgages with similar default probabilities creates a bond with a much lower probability of total default, in which no homeowners are able to make their payments (see Copula). | | | Essentially, a securitization of the mortgage payments to the mortgage originators. |
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http://www.wikipedia.org/wiki/Mortgage-backed_security
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| | Campbell R. Harvey's Hypertextual Finance Glossary |
| | A tax-exempt bond issued by a municipality or a state financial intermediary that is backed by the moral, but not legal, obligation of a state government to appropriate funds in case of default. | | | An index of a group of securities computed by calculating a weighted average of the returns on each security in the index, where the weights are proportional to outstanding market value. | | | The lender of a loan secured by property. |
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http://www.duke.edu/~charvey/Classes/wpg/bfglosm.htm
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| | Mortgage-Backed Securities |
| | Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. | | | Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. | | | The entity then issues securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool, a process known as securitization. |
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http://www.sec.gov/answers/mortgagesecurities.htm
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| | Homeglossary.com - The World's Most Complete Real Estate Directory |
| | Principle in mortgage risk is that a maximum of 28% of the mortgagor's salary being devoted to the mortgage payment and 33% to total debt payments (including the mortgage). | | | A mortgage bond may have a closed-end provision that prevents the firm from issuing additional bonds of the same priority against the same property or may be an open-end mortgage that allows the issuance of additional bonds having equal status with the original issue. | | | A mortgage lien secures the loan that funded the purchase of that property. |
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http://www.yourwebassistant.net/glossary/m11.htm
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| | Mortgage backed security - definition of Mortgage backed security in Encyclopedia |
| | A mortgage-backed security (MBS) is a bond whose cash flows are backed by homeowners' mortgage payements. | | | US Mortgage-backed securities, which accounts for nearly one-sixth of global underwriting, posted a record year in 2003. | | | The credit worthiness of mortgage backed securities is fairly high due to pooling many mortgages together to back an MBS as well as a guarantee in the case of MBS created by Fannie Mae, Freddie Mac, or Ginnie Mae. |
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http://encyclopedia.laborlawtalk.com/Mortgage_backed_security
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| | Types of Bonds |
| | Mortgage securities represent an ownership interest in mortgage loans made by financial institutions (savings and loans, commercial banks or mortgage companies) to finance the borrower’s purchase of a home or other real estate. | | | Mortgage securities are created when these loans are packaged, or “pooled,” by issuers or servicers for sale to investors. | | | The ability to securitize mortgage loans enables mortgage lenders and mortgage bankers to access a larger reservoir of capital, to make financing available to home buyers at lower costs and to spread the flow of funds to areas of the country where capital may be scarce. |
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http://www.investinginbonds.com/info/igmbs/what.htm
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| | commercial mortgage backed security |
| | a mortgage with the interest rate changes periodically, according to index was selected when the mortgage is the initial interest rate is than that of fixed& 8211;rate mortgages, but monthly payments go up or down as rate was adjusted. | | | when principal amount of new mortgage involved in refinancing is than principal amount outstanding of existing mortgage being refinanced, and or the portion of equity is converted cash. | | | the mortgage loan which can be to another person without the change in the terms of loan. |
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http://www.onmortgages.net/commercialmortgagebackedsecurity.htm
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| | Mortgage-Backed Securities |
| | The simplest form of mortgage-backed security is a mortgage pass-through. | | | Although the scheduled payments on a mortgage are fixed from one month to the next, the cash flows to the holder of a mortgage pass-through are not fixed. | | | Despite their prepayment risk, mortgage pass-throughs entail little credit risk. |
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http://www.riskglossary.com/articles/mortgage_backed_security.htm
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| | CompassWeb Brokerage - Mutual Fund Glossary |
| | A security that returns principal and interest monthly as payments are received on the underlying mortgages. | | | They are made up of individual home mortgages guaranteed by the government agencies. | | | Securities and Investment Products are not FDIC insured, may lose value and have no bank guarantee. |
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http://broker.compassweb.com/mfgM.htm
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| | Ginnie Mae Mortgage Backed Security Program changes |
| | For example, a mortgage with an interest rate of 6.25 percent could be pooled into a 5.5 percent security by issuers that want to create a long-term cash flow with income from loan servicing. | | | When the changes are implemented, the GNMA II security will more closely resemble the agency's GNMA I security, the flagship of the mortgage finance market for more than 30 years. | | | By cutting in half the range of mortgage rates that can be pooled together, investors are more able to predict the performance of the securities. |
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http://housing-bubble.com/news/ginnie-mae-mortgage-150103.html
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| | Regulation 114 Trust & Commercial Mortgage-Backed Securities |
| | Commercial mortgage-backed securities are subject to the 5% per mortgage-related security investment limitation of N.Y. Ins. | | | Accordingly, the Asset Manager may purchase the commercial mortgage-backed securities of American institutions as an investment for the Trust if such obligations satisfy all of the qualifications of N.Y. Ins. | | | Law § 1404(a)(2) (McKinney 2000) authorizes the asset manager to purchase the commercial mortgage-backed securities of American institutions as an investment for a reinsurance trust created pursuant to N.Y. Comp. |
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http://www.ins.state.ny.us/rg030147.htm
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| | Mass. Dept. of Revenue - Letter Ruling 93-8: Security Corporation Classification; Mortgage-backed Securities |
| | Each of the Interests confer part ownership in a pool of mortgages and the resultant cash flows. The policy behind the creation of the Intrests is to convert single mortgages into pools of safer, more liquid investments. This policy is intended to help stimulate mortage lending by increasing the source of lendable funds. | | | The CMOs are pay-through bonds that direct the payments on an underlying mortgage pool to obligations of different maturities paying different rates. | | | Unlike pass-through certificates, which "pass through" mortgage payments pro-rata, the payments on the CMOs are allocated based upon the terms of the obligation. |
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http://www.massdor.com/rul_reg/lr/LR_93_8.htm
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| | Regulation 114 Trust & Commercial Mortgage-Backed Securities |
| | Commercial mortgage-backed securities are subject to the 5% per mortgage-related security investment limitation of N.Y. Ins. | | | Accordingly, the Asset Manager may purchase the commercial mortgage-backed securities of American institutions as an investment for the Trust if such obligations satisfy all of the qualifications of N.Y. Ins. | | | Law § 1404(a)(2) (McKinney 2000) authorizes the asset manager to purchase the commercial mortgage-backed securities of American institutions as an investment for a reinsurance trust created pursuant to N.Y. Comp. |
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http://www.ins.state.ny.us/rg030147.htm
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| | DD K-M |
| | A security, such as a bond, pass-through, CMO, or REMIC that derives its cash flows and market value from underlying Mortgage Backed Securities and/or Mortgage Bonds, Loans, and/or Notes. | | | A residential mortgage loan typically contains a prepayment option, which is the borrower's call option on the loan and which becomes valuable when interest rates decline. | | | For example, people trade securities in the securities market, bonds in the bond market, commodities in the commodities market, currency in the foreign exchange market, futures contracts in the futures market, options in the options market, and shares in the stock market.Cf. |
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http://www.margrabe.com/Dictionary/DictionaryKM.html
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| | U.S. Mortgage-Backed Bonds Rise, Erase Early Loss |
| | By Richard Leong NEW YORK, April 2 (Reuters) - U.S. mortgage-backed security prices ended higher late on Tuesday, rebounding with the rest of the bond market on the heels of a weak report on factory orders after a string of data suggesting a manufacturing recovery. | | | Mortgage bonds lagged U.S. Treasuries as their spreads, or yield premiums, over comparable Treasuries widened one to three basis points from late Monday. |
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http://www.webprowire.com/summaries/55878.html
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| | Vanderbilt Capital Advisors |
| | Commercial Mortgage Backed Securities (“CMBS”) are mortgage securities backed by commercial property loans. | | | The subordination levels on CMBS are significantly higher than those on residential mortgage backed securities because it is a newer sector and because there is a sentiment that people are less likely to default on a home than they are on a commercial loan. | | | Commercial Mortgage Backed Securities differ in terms of their underlying collateral, structure and call protection. |
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http://www.vcallc.com/mailings/1999/cmbs0299.htm
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| | Financial Express: NHB to unveil mortgage-backed security issue |
| | Over a period of time, the spread will be passed back to the concerned housing finance companies either in the shape of premium at purchase of the mortgage or as service charges, he said. | | | The new initiative is aimed at developing a secondary mortgage market and allow banks to deal in property transactions smoothening the process for average consumer forming bulk of the market. | | | The whole mechanism would work in such a way that a pool of mortgaged assets would be sold by the housing finance companies to NHB which would in turn introduce a special purpose vehicle (SPV) and offer it to investors as pass-through certificates"NHB chairman and managing director PP Vora said. |
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http://www.expressindia.com/fe/daily/19990813/fco13031p.html
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| | Mortgage-Backed Securities: Basics of Fannie Mae MBS |
| | The mortgage-backed security process begins with a mortgage loan. | | | A Fannie Mae ARM MBS is backed by a pool of mortgages with adjustable rates. | | | Finally, Basics of SMBS details structure, construction, and classes of stripped mortgage-backed securities (SMBS), which are separate interest-only and principal-only securities. |
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http://www.fanniemae.com/mbs/mbsbasics/index.jhtml?p=Mortgage-Backed+Securities&s=Basics+of+Fannie+Mae+MBS
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| | MSN Encarta - Search Results - mortgage-backed security |
| | MSN Encarta - Search Results - mortgage-backed security | | | Search for books about your topic, "mortgage-backed security" | | | Real Estate: mortgage, which pledges real estate as security for repayment of a loan |
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http://encarta.msn.com/mortgage-backed_security.html
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| | mortgage-backed security |
| | Total lender-originated mortgage-backed security issues fell to $41.6 billion in October from $61 billion in September. | | | Vincent Milton, the Fitch managing director, said the deal was the first commercial mortgage-backed security to be issued in the Thai market. | | | Standard and Poor's said Merrill originated the four loans providing repayment to bond investors in this commercial mortgage backed security (CMBS). |
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http://finance.za-news.com/news/mortgage-backed_security.html
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| | Mortgage-backed security |
| | The most common type of pass-through security, secured by homeowners' mortgages and sometimes guaranteed by the Veteran's Administration, the Farmer's Home Administration, or the Federal Housing Administration. |
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http://www.investorterms.com/terms/Mortgage-backed_security.htm
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| | How To Live Mortgage Free - Financial Secrets Revealed |
| | The Fannie Mae Discounted Mortgage-Backed Security (DMBS) Program is a variable rate financing facility for property... | | | Copyright 2004 mortgage backed security quote Company All Rights Reserved. | | | are linked mortgage backed securities quotes The quotes when it comes california mortgage quote be insured... |
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http://www.livemortgagefree.com/mortgage/mortgage-backed-security-quote.htm
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| | Commercial Mortgage Backed Securities |
| | Commercial Mortgage Backed Securities are a means for investors to participate in the ownership of commercial mortgages. | | | Defeasance which is a requirement that a borrower must purchase a portfolio of Treasuries equivalent to the future cash flows of the mortgage. | | | Should defaults or losses occur on the underlying commercial loans, the lowest rated or unrated tranche are the first to absorb principal losses. |
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http://www.allegiancecapital.com/sctn4j.html
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| | Mortgage-backed security sells well on its first day |
| | aiwan's first commercial mortgage-backed security on Thursday sold out during its first trading day on the Gretai Securities Market, the nation's over-the-counter market. | | | Lauding the success of Thursday's bond sale, Deputy Finance Minister Susan Chang said that the issuance of local property-backed securities not only helps property owners refinance their loans if the property market is depressed or overheated but also provides investors with investment opportunities in fixed-income shares. | | | The sale of seven-year bonds backed by an office building in downtown Taipei aims to raise NT$4.41 billion (US$132 million), according to one of the sale's arrangers, Industrial Bank of Taiwan. |
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http://www.taiwanheadlines.gov.tw/20040611/20040611b4.html
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| | Commercial mortgage backed securitization |
| | Commercial mortgage-backed securities (CMBS) are bonds or other debt instruments secured by commercial real estate, as opposed to residential real estate. | | | Most of the mortgage securitization was emerging from conduits - entities who would buy mortgage loans and securitise them with arbitrage profits, which were available in plenty owing to the very fine spreads prevailing in the market. | | | The history of CMBS market lies in the failure of the savings and loans associations (or thrifts) in the USA when the assets of the latter were taken over by Resolution Trust Corporation, which made the first securitisation issue of multifamily mortgages in August 1991. |
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http://www.vinodkothari.com/seccmbs.htm
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| | mortgage-backed security |
| | A mortgage-backed security is a security evidencing either the ownership of an interest in a mortgage loan or pools of mortgage loans, or a separate obligation secured by a mortgage loan or pool of mortgage loans. | | | You are here: Home » Investment Dictionary » Banking Terms » mortgage-backed security | | | mortgage risk » mortgage servicing » mortgage-backed certificate » mortgage-backed security » mortgagee » mortgager » mortgagor |
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http://www.investionary.com/glossary/mortgage-backed-security.htm
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| | Realty Times: Commercial Mortgage Backed Securities Have Tough Row to Hoe |
| | Despite a severe disruption last fall in the market for commercial mortgage-backed securities (CMBS), a record $78.3 billion were issued in 1998. | | | If market forces or over-leveraging wipes out most of the value of a transaction's subordinated classes, the special servicer owning those classes may lose its incentive to maximize resolution of mortgages in default. | | | The fact that the issuers managed to securitize almost $80 billion in debt despite the long standstill in the fall is an indication of the CMBS market's importance in providing capital to real estate. |
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http://realtytimes.com/rtnews/printrtpages/19990217_securities.htm
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