MBS Servicing

Business / Finance / MBS Servicing: The requirement that the mortgage servicer maintain payment of the full amount of contractually due principal and interest payments whether or not actually collected.

Mortgage-Backed Security (MBS)

Business / Real Estate / Mortgage-Backed Security (MBS): A security guaranteed by pools of mortgages and used to channel funds from securities markets to housing markets. Ginnie Mae has a popular MBS program recognized for its low risk and high yield. The G MORE

Servicing Agreement

Business / Real Estate / Servicing Agreement: Signed documentation as to who will service the loan. MORE

Stripped Mortgage-Backed Securities (SMBS)

Business / Finance / Stripped Mortgage-Backed Securities (SMBS): Bond that can be subdivided into a series of zero-coupon bonds. MORE

Tombstone

Business / Finance / Tombstone: Individual investors who trade single securities independently or invest in intermediaries such as mutual funds, as opposed to professional investors. MORE

Mortgage-Backed Securities Clearing Corporation (MBSCC)

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

Mortgage-Backed Securities (MBS)

Business / Finance / Mortgage-Backed Securities (MBS): Investment instruments backed by a pool of mortgage loans. MORE

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