mortgage-backed security
11
7.2
- noun
- /ˈmɔːrɡɪdʒ bækˈt sɪˈkjʊrɪti/
- Specialized
:
título respaldado por hipotecas
- Investors are interested in mortgage-backed securities because they provide a steady stream of income from mortgage payments.
- commercial mortgage-backed security
Now these are credit default swaps against commercial mortgage-backed securities.
- Now these are credit default swaps against commercial mortgage-backed securities.
- Of longer term assets, in our case long term treasury bonds and mortgage-backed securities.
- They're going to take them out of existence and create a new program to ensure mortgage-backed securities that are issued by the private sector.
- So AAA ratings mean like the best and and safest investments to really high risk mortgage-backed securities like Lehman Brothers or Washington Mutual.
Examples
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Bernanke just announced that the Fed will buy $40 billion of mortgage-backed securities every month until the economy improves.
Blog text (10) -
This interest you're paying goes to mortgage-backed security holders, not the banks.
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Currently, the Fed is buying mortgage-backed securities at a rate of $40 billion each month.
Blog text (8) -
What were the major financial institutions and rating agencies doing with their mortgage-backed securities?
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The Fed will also purchase mortgage-backed securities using the principal payments from its current holdings.
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Central banks generally avoided the riskiest kinds of mortgage-backed securities.
Academic text (2008) -
In many cases, the mortgages are packaged into mortgage-backed securities that bundle hundreds or thousands of loans.
Blog text (3) -
The process was enabled by strong investor demand for mortgage-backed securities (MBS).
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There are liquid financial markets for 30-year U.S. Treasury bonds and for 30-year residential mortgage-backed securities.
Academic text (2005) -
At the root of the credit crunch lies the explosion of mortgage-backed securities—the focus of Saskia Sassen's essay.
Academic text (2008)
Surface Forms
Morphology
mortgage-backed + security
The phrase is compositionally built: 'security' is a tradable asset and 'mortgage-backed' literally means supported or guaranteed by mortgages, so the meaning 'a security backed by a bundle of mortgages' is directly inferable from the parts. The '-backed' construction is a productive, transparent pattern in English (and mirrored in other languages/financial terminology), so learners who know the constituent words can reasonably deduce the MWE even if the topic is somewhat technical.
Etymology
The noun mortgage-backed security comes from the idea that many mortgages back a single investment: banks put lots of home loans together, and the loan 'payments' are used to pay the 'investors'. So it means an investment made from a group of home loans where 'investors' receive those payments.