mortgage-backed security : Definition, Usages, News and More
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mortgage-backed security
n a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government
DealBook: An Old Champion Returns for Mortgage-Based Bonds The new firm run by Lewis S. Ranieri, who in the 1980s helped pioneer the mortgage-backed security, sold $251 million of them in a single deal.
June 27, 2013 - New York Times