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commercial mortgage-backed security CMBS. A type of mortgage-backed security backed by commercial mortgages rather than residential mortgages. They are comprised of a variety of loans, each of which represents different property sizes and locations. These loans are pooled and are broken into tranches of risk that are sold to investors. In general, they carry less prepayment risk than loans backed by residential mortgages. |
12 Terms to Know Before Buying a HomeBuying a home can be a daunting task. Before you make an offer, be sure to learn the terms and phrases that are critical in the real estate market.
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Having Emergency Funds
If you have plenty of cash lying around in a high-interest, Federal Deposit Insurance Corporation (FDIC)-insured account, not only will your money retain its ... Read More
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