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 ?
Any increase from the Fed would help keep inflation at bay, which is music to the ears of the investors that buy long-term government and mortgage-backed bonds.
The bank on Tuesday reported a quarterly net profit of 792 million Swiss francs from 690 million francs a year earlier, when results were marred by an $885 million settlement with the US housing regulator over the mis-selling of mortgage-backed bonds.
This SEC settlement covers Morgan Stanley's role as an underwriter and sponsor of subprime mortgage-backed bonds that tanked soon after they were issued in 2007.
17-18 policy meeting, the Fed said it would reduce monthly purchases of Treasuries and mortgage-backed bonds starting in January and would probably keep its benchmark interest rate low as long as projected inflation remained below its 2% goal.
8 per cent on concerns over its exposure to a US mis-selling probe on mortgage-backed bonds, and uncertainty over UK Finance Minister George Osborne's examination of a possible split-up of the bailed-out lender.
Sentiment in the sector was also hurt by reports that JPMorgan Chase has reached an PS8bn deal with US authorities to settle a series of civil probes over sales of mortgage-backed bonds in the run-up to the financial crisis.
htm) UBS agreed to pay $885m in a settlement with the FHFA over allegations the scandal-ridden Swiss bank misrepresented mortgage-backed bonds during the housing boom.
9 percent after saying it's under federal criminal investigation for practices tied to sales of mortgage-backed bonds.
AS) could sell mortgage-backed bonds through its Australian subsidiary.
Concerns about the "fiscal cliff" have supported low interest rates as demand has increased for safe-haven insured mortgage-backed bonds.
central bank announced it would keep buying $85 billion of Treasury and mortgage-backed bonds a month until it saw a substantial improvement in the outlook for the labor market.
Total operating income is up from prior year by approximately 30 per cent, and is primarily attributable to an increase in new business and improved margins as a result of healthy system liquidity and a redemption in a portion of the mortgage-backed bonds.