mortgage-backed certificate

Definition

Security backed by a pool of mortgages, such as those issued by Ginnie Mae and Freddie Mac. also called mortgage-backed securities.

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Related Terms

mortgage-backed security - More

pass-through - More

MBS - More

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Nearby Terms

mortgage rate
mortgage REIT
mortgage risk
mortgage servicing
mortgage spread duration
mortgage-backed certificate
mortgage-backed securities
mortgage-backed security
mortgagee
mortgager
mortgagor