a security based on a pool of underlying mortgages

a special form of an Asset backed security

Securities or investments that represent an undivided interest in a pool of loans secured by mortgages or deeds of trust. Principal reductions from the underlying mortgages are used to pay off the bond or securities.

A security interest in mortgage collateral.

A bond or other financial obligation secured by a pool of mortgage loans.

A security interest in a pool of mortgages.

A bond that is protected/secured by mortgage loans.