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 ?
0bn mortgage-backed bond that features a climate-conscious component, according to an online report.
2 billion mortgage-backed bond deal in 2007, despite the fact that diligence personnel had raised red flags over the products -- an incident documented in the British bank's civil settlement with the U.
BlackRock gets an investment it has vetted closely--BlackRock's head of global trading, Richie Prager, tells Fortune that the mortgage-backed bond debacle demonstrated the dangers in "eating Wall Street's cooking.
which sold high-risk mortgage-backed bond funds to nearly 2,000 Arkansas investors who were led to believe they were low-risk, the Arkansas Securities Department announced last week.
Fellow State-backed player Lloyds Banking Group has already re-launched into the market, selling a mortgage-backed bond last year, with others following suit.
The US mortgage-backed bond fund will collapse if its lenders seize its remaining assets.
Over the course of six monthly payments, the effective rate of return earned on the mortgage-backed bond will be higher than one paying interest semiannually even though the stated rate on each issue is the same.
Unfortunately, the colleges "got stung badly in the crash of the bond market in the fall of 1993 -- and, in particular, the crash of the mortgage-backed bond market," appeals Judge E.
Global mortgage-backed bond issuance slumped to $40 billion in the third quarter, its lowest level since 1995, when the market was still in its infancy and limited almost entirely to the U.
57% thought that changes in home prices were the largest determinant of mortgage-backed bond performance.
A US regulator has slapped UBS with a multi-million dollar fine for deceiving investors who bought a risky mortgage-backed bond transaction during the financial crisis.
BANKING AND CREDIT NEWS-March 23, 2012--Barclays to manage Redwood mortgage-backed bond issue(C)2012 M2 COMMUNICATIONS http://www.