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Mortgage Bond
(redirected from Mortgage-Backed Bond)

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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.
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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.
Bond launch marks RBS mortgage market return by Daily Post (Liverpool, England)
A NEW RATINGS LAWSUIT The big credit-rating agencies are snarled in a thicket of lawsuits from private investors enraged that the companies gave favorable ratings to mortgage-backed bonds that subsequently tanked.
A NEW RATINGS LAWSUIT by Harry Maurer & Cristina Linblad / BusinessWeek
The bank is selling one third of its 'alphabet soup' of products such as mortgage-backed bonds to a new fund run by C12 Capital Management - which is led by former staff of its investment banking arm, Barclays Capital.
Former investment arm locked into price deal; COMPANIES TODAY: BANKS by The Journal (Newcastle, England)
 
 
 
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