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Stripped Mortgage Backed Security

A mortgage backed security (MBS) that is stripped (split) into two components: principal only (PO) strips and interest only (IO)...

SMBS

An acronym for stripped mortgage backed security; a mortgage backed security (MBS) that is stripped (split) into two components: principal...

Stripped MBS

A mortgage backed security (MBS) that is stripped (split) into two components: principal only (PO) strips and interest only (IO)...

PLMBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...

Private-Label Mortgage-Backed Security

A type of mortgage-backed security (MBS) that is issued by private entities (not government agencies) to back and issue a...

PL MBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...

Private-Label MBS

A type of mortgage-backed security (MBS) that is issued by private entities (not government agencies) to back and issue a...

Non-Agency MBS

A type of mortgage-backed security (MBS) that is issued by private entities (not government agencies) to back and issue a...

Agency Mortgage

A type of mortgage loans (mortgages) that constitute securitized residential mortgage loans guaranteed by a certain government agency. Such mortgages...

TBA MBS

It stands for to-be-announced mortgage backed security; a type of mortgage backed security (MBS) that denotes forward-settling of MBS trades...