• Thumbnail for Mortgage-backed security
    A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages...
    40 KB (5,289 words) - 22:55, 18 September 2024
  • Thumbnail for Commercial mortgage-backed security
    Commercial mortgage-backed securities (CMBS) are a type of mortgage-backed security backed by commercial and multifamily mortgages rather than residential...
    9 KB (1,231 words) - 15:57, 16 May 2024
  • Thumbnail for Residential mortgage-backed security
    Residential mortgage-backed security (RMBS) are a type of mortgage-backed security backed by residential real estate mortgages. Bonds securitizing mortgages are...
    25 KB (3,009 words) - 12:12, 21 September 2024
  • An asset-backed security (ABS) is a security whose income payments, and hence value, are derived from and collateralized (or "backed") by a specified...
    31 KB (4,379 words) - 20:03, 5 October 2024
  • Thumbnail for Subprime mortgage crisis
    securities. The housing bubble preceding the crisis was financed with mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially...
    298 KB (34,080 words) - 02:10, 11 November 2024
  • Thumbnail for Government National Mortgage Association
    purchases mortgage loans nor buys, sells or issues securities. The credit risk on the mortgage collateral underlying its mortgage-backed securities primarily...
    9 KB (964 words) - 19:26, 26 June 2024
  • Thumbnail for Mortgage
    an interest in the mortgage through a mortgage-backed security. In such a situation, the initial lender is known as the mortgage originator, which then...
    55 KB (7,250 words) - 18:06, 17 November 2024
  • asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed...
    72 KB (9,173 words) - 18:46, 2 October 2024
  • Thumbnail for Fannie Mae
    purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS), allowing lenders to reinvest...
    73 KB (8,397 words) - 22:03, 26 October 2024
  • Thumbnail for Freddie Mac
    them, and sells them as a mortgage-backed security (MBS) to private investors on the open market. This secondary mortgage market increases the supply...
    49 KB (5,194 words) - 22:04, 26 October 2024
  • Thumbnail for 2007–2008 financial crisis
    2007 to mid-2009. The financial crisis began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, as well as a vast web of derivatives...
    247 KB (25,764 words) - 21:01, 12 November 2024
  • mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage...
    11 KB (1,186 words) - 19:49, 1 June 2024
  • guarantee mortgage backed securities against homeowner default risk, thus reducing the credit risk associated with mortgage notes. Mortgage note buyers...
    11 KB (1,335 words) - 03:39, 17 May 2024
  • Thumbnail for Asset-backed securities index
    basket of 20 subprime mortgage-backed securities. On 17 January 2006, CDS Indexco and Markit launched ABX.HE, a subprime mortgage backed credit derivative...
    7 KB (836 words) - 22:53, 10 November 2024
  • government sponsored entities. They own many mortgages and mortgage-backed securities. In the U.S., mortgages are usually fixed rate, and can be prepaid...
    4 KB (491 words) - 15:51, 6 March 2023
  • A collateralized mortgage obligation (CMO) is a type of complex debt security that repackages and directs the payments of principal and interest from a...
    28 KB (4,479 words) - 17:52, 28 September 2024
  • Lewis Ranieri (category Mortgage-backed security)
    firm. He is considered the "father" of mortgage-backed securities and co-founder of mortgage-backed securities with Anthony J. Nocella former CEO of Franklin...
    13 KB (1,340 words) - 07:31, 17 November 2024
  • the "primary mortgage market") and sell grouped loans known as collateralized mortgage obligations (CMOs) or mortgage-backed securities (MBS) to investors...
    3 KB (338 words) - 01:30, 30 June 2023
  • Thumbnail for Federal Reserve
    Reserve buys back corporate bonds and mortgage backed securities held by banks or other financial institutions. This in effect puts money back into the financial...
    152 KB (15,686 words) - 02:34, 11 November 2024
  • CDOs evolved to encompass the mortgage and mortgage-backed security (MBS) markets. Like other private-label securities backed by assets, a CDO can be thought...
    89 KB (11,103 words) - 19:24, 15 October 2024
  • Thumbnail for Security (finance)
    A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction...
    32 KB (4,370 words) - 05:16, 9 November 2024
  • compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or...
    13 KB (1,687 words) - 18:32, 23 September 2024
  • Synthetic CDO (category Mortgage-backed security)
    raw material—mortgages—was beginning to dry up. In 2005, the synthetic CDO market in corporate bonds spread to the mortgage-backed securities market, where...
    30 KB (4,084 words) - 23:11, 26 April 2023
  • pooling of mortgage loans and issuance of mortgage-backed securities and have been a key contributor to the success of the mortgage-backed securities market...
    21 KB (2,912 words) - 18:41, 4 September 2024
  • to describe specific classes of securities, namely pooled asset-backed securities (ABSs) and mortgage-backed securities (MBSs) whose component payments...
    2 KB (340 words) - 17:42, 16 January 2022
  • Thumbnail for Great Recession
    prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing...
    129 KB (13,479 words) - 05:54, 17 November 2024
  • Thumbnail for Moody's Ratings
    tightened rating standards on some asset-backed securities, for example the commercial mortgage-backed securities (CMBS) market in 2007. In April 2013, Moody's...
    46 KB (4,643 words) - 12:09, 13 November 2024
  • the early to mid-2000s, many subprime loans were packaged into mortgage-backed securities (MBS) and ultimately defaulted, contributing to the financial...
    18 KB (2,055 words) - 23:24, 31 October 2024
  • of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables...
    42 KB (5,828 words) - 15:24, 14 October 2024
  • Thumbnail for Jerome Powell
    inflation", and indicated a reduction in quantitative easing (QE) and mortgage-backed security (MBS) purchases due to high inflation, with the consumer price...
    88 KB (6,708 words) - 06:59, 18 November 2024