mortgage bond

(redirected from Mortgage Backed Bonds)

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 ?
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.
CME Clearing now accepts corporate bonds along with cash, government bonds, agency and mortgage backed bonds, money market funds, letters-of-credit, physical gold, equities, and bank depositsto collateralize transactions in the futures and the over-the-counter derivatives market.
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.
SAN JOSE, Costa Rica & CHICAGO -- On March 10, Fitch assigned a national rating of 'AA+(pan)' to the series A notes issued by the 'Ninth Mortgage Backed Bonds Trust' (NMBBT) (Panamanian Trust).
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.
a Miami-based firm that he founded to trade derivative mortgage backed bonds with institutional clients.
Rodolitz is proposing the recapitalization of the commercial real estate industry throughout the country through a mechanism of federally isued mortgage backed bonds.
In addition, investor demand continues to be strong for New Century mortgage backed bonds," added Flanagan.
The insurance companies' significant investments in mortgages, mortgage backed bonds and real estate relative to surplus reflect the recent change in the overall investment focus, and exacerbate the liquidity issue.
Among other notable achievements, Heimbinder was responsible for the development of builder mortgage backed bonds, the precursor to today's mortgage bond market.