Investor’s income generating security from the principal and interest payments on the underlying mortgage pool. Mortgage derivate securities are both mortgage backed and mortgaged backed pass-through.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Investor’s income generating security from the principal and interest payments on the underlying mortgage pool. Mortgage derivate securities are both mortgage backed and mortgaged backed pass-through.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.