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Definition of Mortgage-backed security
1. Noun. 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.
Definition of Mortgage-backed security
1. Noun. (finance) an asset-backed security whose cash flows are backed by the principal and interest payments of a set of mortgage loans. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Mortgage-backed Security
Literary usage of Mortgage-backed security
Below you will find example usage of this term as found in modern and/or classical literature:
1. Housing Enterprises: Potential Impacts of Severing Government Sponsorship by DIANE Publishing Company (1996)
"... Table 1.4: Percent of All Mortgage-Backed Security Holdings by Investor Type
as of Year-End 1995 Investor type The Enterprises Have Evolved With Changes ..."
2. Housing Finance in Transition Economies by Takahiro Yasui, Centre for Co-operation with Non-members (2002)
"Ginnie Mae was responsible for promoting the major innovation in secondary markets,
the mortgage- backed security (MBS). An MBS is a "pass-through" security ..."
3. Not in My Back Yard: Removing Barriers to Affordable Housing (1993)
"The Government National Mortgage Association (Ginnie Mae) introduced the
mortgage-backed security in 1970; today it securitizes virtually all Federal ..."
4. Housing Finance: Expanding Capital for Affordable Multi-Family Housing by Judy A. England-Joseph (1997)
"The yield requirement on the mortgages originated will be the blended rate on
the mortgage-backed security plus Fannie Mae's insurance premium, ..."
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