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Banking

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...

Mortgage Loan

A loan (interest bearing loan) that is extended for the purpose of purchasing or maintaining a real estate unit such...

Mortgage

A loan (interest bearing loan) that is extended for the purpose of purchasing or maintaining a real estate unit such...

Mortgage Write-Off

The reduction in the principal of a mortgage loan by the lender (mortgagee). The write-off makes the amount a borrower...

MBS

It stands for mortgage-backed security; a security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage...

Mortgage Backed Security

A security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage or pool of mortgages. The...

Mortgage Loan Recast

Also, loan recasting/ recasting), a process involving a re-amortization of an existing loan, without changing the loan's term or interest rate....

Mortgage Recasting

Also, loan recasting/ recasting), a process involving a re-amortization of an existing loan, without changing the loan's term or interest rate....

Underwater

An equity that has a negative value (i.e., has gone underwater). This situation arises when an asset is worth less...