mortgage bond

(redirected from Mortgage Backed Bond)

Mortgage bond

A bond in which the issuer has granted the bondholders a lien against the pledged assets. See: Collateral trust bonds

Mortgage Bond

A long-term bond secured by the payments on one or more mortgages. For example, a mortgage corporation may issue a bond backed by payments it receives from clients. This provides the issuer with working capital while providing a relatively safe investment for bondholders. In the event of default, bondholders have the right to take possession of and sell the property underlying the mortgage in order to recover their investments. See also: Mortgage-backed security.

mortgage bond

A long-term debt security that is secured by a lien on specific assets, usually on fixed assets such as real estate. See also closed-end mortgage, open-end mortgage.
References in periodicals archive ?
State Street Global Advisors, the investment management arm of State Street Corporation (NYST: STT) has announced the launch of the SPDR Barclays Capital Short Term International Treasury Bond and SPDR Barclays Capital Mortgage Backed Bond exchange traded funds.
The ETF tracks US agency mortgage backed bonds, including Fannie Mae and Freddie Mac.
Madigan is suing S&P for its alleged "fraudulent role" in assigning top credit ratings to mortgage backed bonds that subsequently plunged in value during the global credit crisis.
98% of respondents also saw the weakness of subprime debt spreading to higher rated mortgage backed bonds, up from 85% reported in a similar survey of conference attendees conducted in March 2007.
He was charged with artificially driving up prices of sub prime mortgage backed bonds at the peak of the housing and credit crisis between august 2007 and February 2008.
Rodolitz is proposing the recapitalization of the commercial real estate industry throughout the country through a mechanism of federally isued mortgage backed bonds.

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