Net Interest Margin Security

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A security based on the value of excess cash flows received by a mortgage-backed security. That is, if an MBS receives more cash flows than are needed to make coupon and principal payments to holders, it may place these cash flows into a different account and issue NIMS entitling the holders to these cash flows.

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No references found			June 28 /PRNewswire/ -- New Century Financial Corporation (Nasdaq: NCEN) announced today the issuance of a Net Interest Margin security ("NIM") by the Company, backed by $380 million of fixed and adjustable-rate mortgage loans which were securitized and issued last month as New Century Home Equity Trust, Series 2001-NC1. New Century Issues 'Cash Positive' Security in Second Quarter by PR Newswire In January 1999, a net interest margin security backed by the residual cash flows created from security 1998-NC5 was issued. New Century Financial Corporation Reports Fourth Quarter and Year End ... by PR Newswire For the quarter ended June 30, 1999, the Company allocated $9 million of its general valuation allowance to its interest in the May 1998 Net Interest Margin Security (NIMs 98-1), and added $9 million to its general valuation allowance, which remained at $10. New Century Announces Record Second Quarter Earnings Per Share of ... by PR Newswire			Net Book Value Net Branch net capital requirement Net Cash Balance Net Cash Inflow Net Cash Outflow Net Change Net currency exposure Net Current Assets Net Debt Net Debt Per Capital Net Debt to Assessed Valuation Net Debt to Estimated Valuation Net Domestic Product Net Earnings Net Errors and Omissions Net exposed assets Net Financing Cost Net Float net income net income figures Net Income per Share Net Income per Share of Common Stock Net Interest Cost Net Interest Margin Net Interest Margin Security Net Investment Net Investment Income Net Investment Income per Share Net Jumping net lease Net Liquid Assets net listing Net Long Net Loss Net Margin Net monetary assets net operating income Net Operating Loss Net Operating Loss Carrybacks Net Operating Loss Carryforwards Net Operating Losses Net Operating Margin Net Operating Profit after Tax Net Operating Profit Less Adjusted Taxes Net parity Net Period Net Plant and Equipment Net Position net present value Net Present Value of Future Investments			Net Incomes Net Incomes Net Incomes Net Incomes Net Incomes Net Incomes After Taxes Net Incomes After Taxes Net Incomes After Taxes Net Incomes After Taxes Net Incomes After Taxes Net Incremental Area Under the Curve Net Incremental Billed Revenue Net Indexer 2 Net Inflow Net Inlet Pressure Required Net Integration Technologies Net Integration Technologies, Inc. Net Interest Bearing Debt Net interest cost Net interest cost Net interest cost Net interest cost Net interest cost Net Interest Costs Net Interest Income Net interest margin Net interest margin Net interest margin Net interest margin Net interest margin securities Net Interest Margin Security Net Interest Margins Net Interest Revenue Net Interest Spreads Net Interest Yield Net Interest Yields Net Internal Area Net international investment position Net International Migration Net International Reserves net inventory assets Net investment Net investment Net Investment Income Net Investment Income Net investment income per share Net Investment Incomes Net Investments Net Invoice Value Net Irrigation Requirement Net Joint Torque Net Jumping Net lag Net lag Net lag Net lag Net lag NET language NET language Net Laying Ship Net Leasable Area

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