mortgage-backed
Adjective
Meaning
mortgage-backed (not comparable)
(finance) Having mortgages as collateral.
Related terms
Examples
The major driver of economics is the equilibrium approach, which has taken various forms over the years. General equilibrium is the statement that all the different parts of the economy influence each other, even if it's remote, like mortgage-backed securities and their demands on automobiles.
An ambitious programme to provide all Indian citizens with housing by 2022 should help bolster India’s fledgling residential mortgage-backed securities (RMBS) market, which recorded issuance of just Rph53bn (€743m) in 2014.
Bloomberg Intelligence analyst Elliot Stein had estimated the settlement for mortgage-backed securities could cost more than $2 billion.
Aside from a 16% weight to an international bond, VTINX’s fixed income exposure is mostly conservative, tilting toward U.S. government and mortgage-backed securities (MBS).
Wells Fargo was then one of the largest mortgage lenders in the US, and from 2005 to 2008, sold 73,529 mortgage-backed bonds — about half of which have defaulted.
It restarted the Quantitative Easing program on March 15 with the purchase of $500 billion in treasuries and $200 billion in mortgage-backed securities.