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Mortgage Reset

The point in time at which the rate of a mortgage, and hence interest payment, will change (reset to a...

Passthrough

A security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans, as underlying) and sells shares or...

Closed Mortgage

A mortgage/ mortgage bond/ home loan that is issued with an indenture disallowing repayment prior to maturity and the re-use...

Mortgage Pass Through Security

A security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans, as underlying) and sells shares or...

Closed-End Mortgage

A mortgage/ mortgage bond/ home loan that is issued with an indenture disallowing repayment prior to maturity and the re-use...

MPTS

It stands for mortgage passthrough security; a security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans,...

Mortgage Passthrough Security

A security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans, as underlying) and sells shares or...

Agency CMO

A collateralized mortage obligation (CMO) that is issued by a government agency or a government-sponsored enterprise. Speicifically, the agency or…

MOTO

It stands for mortgage over treasury option, which is, by definition, a cash-settled call that is written on the mortgage...

Assumable Mortgage

A mortgage that can be transferred to another borrower. This mortgage (often shortened to assumable) let a future buyer of…