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 ?
But because the banks that issued these mortgage-backed bonds ended up holding so many of them - putting them in danger of bankruptcy in 2008 - it seems very likely that the mispricing of these bonds was mostly a genuine mistake rather than a conspiracy.
The Fed's bond-buying programme had prompted investors to sell mortgage-backed bonds and Treasury securities and deposit the proceeds with US retail and commercial bank accounts.
housing mortgage-backed bonds of the joint-stock company Mortgage Agent VTB -- BM 2 with state registration number of the issue 4-02-81563-H;
RBS, who are still 73 per cent owned by the taxpayer, are expected to set aside another PS500million for PPI mis-selling claims, as well as PS1.5billion to cover US legal action on toxic mortgage-backed bonds sold before the financial crisis.
The 300-year-old lender said it now expected a "potentially elongated period" before settling claims that it mis-sold US mortgage-backed bonds before the 2007-09 financial crisis.
Government bonds led the inflows in fixed income ($8.5 billion) followed by deposits into aggregate ETFs ($3.2 billion) -- the category includes Treasuries, government agency bonds, mortgage-backed bonds and investment grade corporate bonds -- and municipal bond ETFs ($741 million).
RBS is setting aside another PS500m for payment protection insurance (PPI) mis-selling claims, as well as PS1.5 billion to cover US legal action on toxic mortgage-backed bonds sold before the financial crisis.
Meanwhile, at least two other banks have stopped issuing some types of mortgage-backed bonds, saying an industry-wide standard is needed for handling negative rates on the debt.
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 2007.1t is a separate settlement, on top of the $1.25 billion agreement related to the faulty investments Morgan Stanley sold to Fannie Mae and Freddie Mac.
The SEC settlement covers Morgan Stanley's role as an underwriter and sponsor of subprime mortgage-backed bonds that began failing almost immediately after being 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.