Mortgage Secured loan that has specific real estate property as collateral. The borrower has an obligation to make structured scheduled repayments periodically. … [Read more...]
Mortgage Banker
Filed Under: m by
Mortgage Banker An originator of mortgages, maybe an individual or institution. They use own funds, or funds taken on loan from warehouse lenders, to create mortgages. After a mortgage is originated, the banker may service the mortgage, or sell these rights to another financial … [Read more...]
Mortgage Bond
Filed Under: m by
Mortgage Bond Related: Collateral trust bonds. Bond wherein holders have a lien over the pledged assets. … [Read more...]
Mortgage Duration
Filed Under: m by
Mortgage Duration A change in the standard duration that reflects the effects of interest rate changes on the MBS duration. When interest rates change, prepayment speed changes, and this affects the duration of a MBS. … [Read more...]
Mortgage Pass-Through Security
Filed Under: m by
Mortgage Pass-Through Security Refer: Passthrough. Creation of security by sale of share in a mortgage pool by one or more share holders. The earnings generated by the collateral pool are "passed through" in the form of monthly repayments both principal and interest to the … [Read more...]
Mortgage Pipeline
Filed Under: m by
Mortgage Pipeline Time gap between submission of mortgage loan applications by potential borrowers and the actual marketing/ disbursal. … [Read more...]
Mortgage-Pipeline Risk
Filed Under: m by
Mortgage-Pipeline Risk Associated risks in accepting applications from potential mortgage borrowers arising from the fact that they may, within the grace period offered, decline the mortgage rate quoted. … [Read more...]
Mortgage Pool
Filed Under: m by
Mortgage Pool Collection of mortgages used as collateral and held in trust for issuing a mortgage-backed security. MBSs issued by Fannie Mae, Freddie Mac and Ginnie Mae are the simplest form of such security and are pools themselves. … [Read more...]
Mortgage Rate
Filed Under: m by
Mortgage Rate Rate of interest payable on a mortgage loan by the borrower. … [Read more...]
Mortgage-Backed Securities Clearing Corporation
Filed Under: m by
Mortgage-Backed Securities Clearing Corporation Subsidiary wholly owned by Midwest Stock Exchange operating as a clearing house for agency backed MBSs. Comparison, netting, and margining of forward delivery MBSs is carried out here. … [Read more...]
Mortgage-Backed Securities
Filed Under: m by
Mortgage-Backed Securities Such securities as are backed by a group of mortgage loans. … [Read more...]
Mortgagee
Filed Under: m by
Mortgagee Person or entity giving the loan backed by a real estate asset. … [Read more...]
Mortgager
Filed Under: m by
Mortgager The person or entity who receives the loan given based on a real estate asset. … [Read more...]
Most Active
Filed Under: m by
Most Active Exchange traded stock that has highest trading volume over a specific period, generally one trading day. … [Read more...]
Most Distant Futures Contract
Filed Under: m by
Most Distant Futures Contract Related: nearby futures contract. The contract that settles at the latest point in time among a group of futures contracts. … [Read more...]
Moving Average
Filed Under: m by
Moving Average Tool used in technical analysis and charting. Represents the average price of security or commodity over short periods (a few days) or long period (several years). Shows trends for given recent time periods. The last variable is deleted to make place for each new … [Read more...]
Multicurrency Clause
Filed Under: m by
Multicurrency Clause Clause that allows a Euro loan borrower to opt, on a rollover date, for a currency switch. … [Read more...]
Multicurrency Loans
Filed Under: m by
Multicurrency Loans Loans that allow the borrower to take the actual disbursement in a currency other than local one if desired. … [Read more...]
Multifactor CAPM
Filed Under: n by
Multifactor CAPM Variant of Merton’s capital asset pricing model taking into account ‘factors’ or out of market risks. … [Read more...]
Multi-Factor Model
Filed Under: m by
Multi-Factor Model Financial model using multiple factors to predict equilibrium asset prices or market phenomena. Either used to predict securities in a portfolio or the entire portfolio’s performance. … [Read more...]
