A bond in which interest and principal payments are made by home owners. Typically, it is issued by a corporate...

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on an accrual tranche but no cash payments...

It stands for collateralized mortgage obligation swap. An interest rate swap (specifically an index amortizing swap) in which the amortization of…

Refi (refinance) involves a situation when a borrower (e.g., a mortgagor) takes out a new loan, such as a mortgage...

Refinance involves a situation when a borrower (e.g., a mortgagor) takes out a new loan, such as a mortgage loan,...

A mortgage that is collateralized with a mortgagor's home equity, while a mortgagee (a lender/ lending institution) makes regular payment...

The borrower in a mortgage, i.e., the party to a mortgage loan that is extended credit by the mortgagee (the...

The lender in a mortgage, i.e., the party to a mortgage loan that extends credit to another party, the borrower...

A situation (amortization that has a negative sign and effect) that arises when a mortgagor (a borrower) has an increasing...

A reverse repurchase (repo) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer...