A subordination of mezzanine capital whereby a lender contractually agrees to be subordinated to another. A borrower effectuates this though…
A long-term commercial mortgage loan in which all payments of principal and interest are deferred until maturity. In this loan,…
A reverse repurchase (RP) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer…
A type of debt-based derivative instrument that provides a much safer investment than asset-backed or mortgaged-backed securities. This bond is…
A reverse repurchase (repo) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer…
A type of debt-based derivative instrument that provides a much safer investment than asset-backed or mortgaged-backed securities. This bond is secured by the cashflows generated…
A mortgage loan (fixed-rate mortgage) that pays flat interest only (IO) over an interest only period within its life (10,...
A two-tranche liability position that consists of senior and subordinated securitized loans. In an junior/senior structured loan, the securitized loan (e.g.,...
A loan that is extended by a bank or financial institution to an individual or firm seeking to buy a...
It stands for principal only; the principal-only portion of a mortgage loan or a mortgage-backed security (MBS). Financial institutions, especially...
