BNET Business Dictionary
Business Definition for: Mortgage-backed Security
- a security for which a mortgage is collateral
Additional Resources
- Community Savings appoints Bruce W. Kerman as Mortgage Originator for the Village Commons branch
- NORTH PALM BEACH, Fla.--BUSINESS WIRE--Oct. 12, 1995-- Community Savings (NASDAQ:CMSV) is proud to announce the appointment of Bruce W. Kerman as Mortgage Originator for Community Savings Village Commons branch in West Palm Beach.Kerman's responsibilities include offering a menu of residential mortgages, from construction to jumbo loans.Before joining Community Savings, Kerman...
- Research articles 1995-10-12
- Reverse Mortgage Brokers Are No Angels
- A few days ago, I put up a spoofy post called "Five Jobs for Lousy Times and No Talent Necessary." One of my top picks was reverse mortgage broker. My reasoning:Â As the population ages and taps out any retirement savings left after the financial crisis, reverse mortgages, which are available...
- Blog posts 2009-10-29
- Mortgage
- A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on...
- Tools & templates 2007-12-01
- How to Know If a Reverse Mortgage Is Right for You
- If you're of the right age, short on cash, and sitting on hundreds of thousands of dollars in home equity, reverse mortgages can be a sweet deal. But these loans aren't sure things. Here's how to know if a reverse mortgage is right for you. ...
- Articles 2009-06-02
- ARM funds for safety and yield. (adjustable rate home mortgage security mutual funds)
- The adjustable rate home mortgage security ARM mutual fund has become an attractive alternative form of investment since low short-term interests are showing indications of rate improvement. The growing popularity of ARMs is attributed to its ability toThe adjustable rate home mortgage security ARM mutual fund has become an attractive...
- Research articles 1992-07-01
- Fitch Downgrades 2 & Affirms 1 Classes from 1 SG Mortgage Security Trust NIM Transactions
- NEW YORK -- Fitch Ratings has taken the following rating actions on 1 SG Mortgage Security SGMS Trust Net Interest Margin NIM Notes: SGMS NIM Notes, 2005-OPT1: --$1.4 million Class I-N downgraded to 'BB' from 'BBB-'; --$0.5 million Class II-N-2 affirmed 'BBB'; --$1.6 million Class II-N-3...
- Research articles 2007-10-04
- Should I Take a Reverse Mortgage?
- Dear Ali: I'm retired and some of my stocks have suffered all this financial trouble we've been having, so my banker mentioned a reverse mortgage to me. What do you think, is that worth looking into, or is there a catch? I can't tell if they're scams or not. ...
- Blog posts 2009-09-25
- The Mortgage
- Before the great depression of the 1930s, most real estate loans were straight loans. Borrowers paid the interest in a lump sum at the end of each year. It is no surprise that many people lost their homes and farms through foreclosure during these hard times. Real estate financing changed...
- White papers 2003-01-01
- ContiFinancial Terminates Plans to Acquire Majority Control of First Security
- NEW YORK--BUSINESS WIRE--Dec. 7, 1998--ContiFinancial Corporation (NYSE:CFN) today announced that it has terminated its plans to acquire First Security Commercial Mortgage L.P. and First Security Commercial Mortgage Servicing L.L.C. (together, "First Security"). Earlier this year ContiFinancial signed a non-binding letter of intent, under which it would have acquired a 92%...
- Research articles 1998-12-07
- Fidelity Investments and GMAC Mortgage Announce Innovative New Mortgage Program; Customers Can Receive Up To 100 Percent Mortgage Financing With No Cash Down Payment
- BOSTON--BUSINESS WIRE--March 23, 1999--Fidelity InvestmentsR, one of the nation's leading providers of financial services, and GMAC Mortgage Corporation, a leading national mortgage lender and servicer, today announced the Fidelity Pledged Asset Program. This innovative new mortgage financing program allows customers of Fidelity Brokerage Services, Inc. to use their assets as...
- Research articles 1999-03-23
- BNC Mortgage, Inc. Announces $150 Million Warehouse Credit and Security Agreement
- Business Editors IRVINE, Calif.--BUSINESS WIRE--March 17, 2000 BNC Mortgage, Inc., (Nasdaq: BNCM) Friday reported that they have secured a $150 million Master Loan and Security Agreement with Paine Webber Real Estate Securities, Inc. The uncommitted facility provides warehousing for conventional, subprime and second mortgage loans. In past...
- Research articles 2000-03-17
- Chief information security officers answer 4 burning questions
- CYBERSECURITY 6 chief information security officers share how they plan to keep government data and computers safe in the face of constantly changing risks, red tape and tight budgets CISOs assess the assessors When the CISO title first started appearing on agency organization charts about seven years ago, the job...
- News items 2009-11-15
- Rapid Reporting Clarifies Facts Surrounding SSA Pilot Program Cancellation; Social Security Administration Halts Pilot; Verification Service Will Continue Uninterrupted
- FT. WORTH, Texas -- Rapid Reporting, a national provider of pre-funding income and identity verification services to the mortgage industry, clarified today that services will continue uninterrupted while representatives from the mortgage industry and the Social Security Administration SSA work to create a new system that will verify Social Security...
- Research articles 2004-12-29
- Security Federal Corporation Announces Quarterly Earnings
- AIKEN, S.C. -- Security Federal Corporation (OTCBB: SFDL), holding company of Security Federal Bank, announced earnings of $802,000 or $0.32 per share basic for the three months ending June 30, 2004 compared to $923,000 or $0.37 per share basic for the three months ending June 30, 2003. The quarter ending...
- Research articles 2004-07-23
- Mortgage Cadence, Inc. Becomes a 'Front Runner' with the Upgraded Release of Mortgage Cadence® 4.0; Mortgage Cadence Reports a 25-30% Increase in Performance Due to SQL Server 2005 Upgrade
- DENVER -- Mortgage Cadence, Inc., a leading end-to-end mortgage lending platform provider, today announced it has launched a new application using Microsoft SQL Server 2005, earning the company Front Runner status from Microsoft Corp. Mortgage Cadence 4.0, in combination with Microsoft SQL Server 2005, helps enable customers by not only...
- Research articles 2005-12-19
- Renegotiation in the Common Law Mortgage and the Impact of Equitable Redemption
- This paper seeks to fill a gap in the real estate finance literature by linking the well-known history of the Anglo-American mortgage recorded by legal scholars with the recent literature on security design and incomplete contracting in order to explain and evaluate several unique features of the mortgage. In particular,...
- White papers 2004-11-01
- Support state Senate Bill 1609 to prevent mortgage lending fraud
- MRS. SALLY SCOTT is 66 years old. Social Security and pension checks aren't enough. She saw an ad for a "reverse" mortgage, allowing seniors age 62 or older to receive cash by borrowing against their homes and does not require repayment as long as they live there. Interested, she spoke...
- Research articles 2006-08-24
- ContiMAP Commercial Mortgage Unit; Goes Over $1 Billion in Fundings
- NEW YORK--BUSINESS WIRE--Jan. 30, 1997--ContiTrade Services, LLC, through its ContiMAP Commercial Mortgage funding program, reached the $1 billion mark in commercial mortgage fundings on January 6, 1997. The loan, Winsom Village Mobile Home Park, was a $12 million loan originated by ContiMAP correspondent First Security Commercial Mortgage,...
- Research articles 1997-01-30
- LaSalle Bank missing tape of mortgage information.(Business)
- Byline: Mike Comerford Daily Herald Business Writer Presumed lost in the mail, a computer tape with confidential information on 2 million residential mortgages has been missing for about a month, according to LaSalle Bank Corp.' s mortgage unit. The tape listed mortgage...
- Research articles 2005-12-17
- Eldorado Bancshares Plans to Transfer Wholesale Mortgage Unit to American Sterling Bank
- Business Editors LAGUNA HILLS, Calif.--BUSINESS WIRE--March 13, 2000 Eldorado Bancshares, Inc. (Nasdaq: ELBI) and American Sterling Bank Monday announced that they had reached an agreement in principle, subject to Boards of Director approval, for the wholesale mortgage lending division of American Sterling Bank to acquire the operations of...
- Research articles 2000-03-13
