Term Of The Day
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.


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12 Terms to Know Before Buying a Home
Buying 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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