Mortgage-backed security; a security whose payments are derived from payments on residential or commercial mortgages.
See Mortgage Backed Securities
MORTGAGE BACKED SECURITIES. SECURITIES PURCHASED BY INVESTORS THAT ARE SECURED BY MORTGAGES. SUCH SECURITIES ARE ALSO KNOWN AS PASS-THROUGH SECURITIES SINCE THE DEBT SERVICE IS PAID BY THE BORROWER AND IS PASSED THROUGH TO THE PUCHASER OF THE SECURITY.
Mortgage Backed Security. A bond or other financial obligation secured by a pool of mortgage loans.
mortgage backed securities. Securities which are created out of a defined pool of real estate mortgages and issued by the GNMA, the FHLMC or the FNMA with investors receiving periodic payments consisting of both principal and interest.
Mortgage Backed Security. A bond that is protected/secured by mortgage loans.