Business / Finance / Conventional Mortgage: An annual statement filed by a life insurance company in each state where it does business in compliance with that state's regulations. The statement and supporting documents show, among other things, the assets, liabilities, and surplus of the reporting company.
Conventional Noun Synonyms: customary, habitual,ual, normal, regular, standard, orthodox, traditional, established, ordinary, everyday, common, commonplace, accustomed, received, agreed, reactionary, old-fashioned, stodgy, stuffy, old hat
Business / Taxes / Federal Housing Administration Mortgage: Federal Housing Administration (FHA) mortgages, which are made by private lenders, resemble conventional mortgages in many ways, but there are some significant differences. An FHA mortgage is governme MORE
Business / Finance / Collateralized Mortgage Obligation (CMO): Investment-grade bonds backed by a collection of junk bonds with different levels of risk, called tiers, that are determined by the quality of junk bond involved. CBOs backed by highly risky junk bond MORE
Business / Finance / Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery. MORE
Business / Taxes / Mortgage-Backed Security: Mortgage-backed securities are created when the sponsor buys up mortgages from lenders, pools them, and packages them for sale to the public, a process known as securitization. The securities are avai MORE
Business / Finance / Mortgage-Backed Securities (MBS): Investment instruments backed by a pool of mortgage loans. MORE