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.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
investment-grade CMBS CMBX Indexes