A securitized debt obligation that generates income from the payments of principal and interest on an underlying pool of mortgage...

A loan that is extended by a bank or financial institution to an individual or firm seeking to buy a...

A total return index swap in which the reference index (or asset) is a mortgage index. The swap is marked...

In general, it refers to the weighted average of the coupon payable on the liabilities of an issuer (debt issuer)....

It stands for weighted average coupon. In general, it refers to the weighted average of the coupon payable on the...

A collateralized debt obligation (CDO) that is structured in a way compliant with shari'ah rules and principles. The pool (reference...

It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...

It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...

The risk that mortgage brokers encounter in their business- i.e., provision of commitments to mortgage borrowers. It arises from adverse...

The amount for which a mortgagor/ borrower facing foreclosure is held personally liable if the sale proceeds of the foreclosed...