The collateral is a pool of underlying mortgages, however the investor has no direct exposure to those loans as the bank has to exchange bad collateral for good one. (valueandopportunity.com)
In a rising interest rate environment, the value of mortgage backed securities may be adversely affected when payments on underlying mortgages do not occur as anticipated. (nexpointres.com)
NCB tops its prior record for a single underlying mortgage with $ 72.5 million provided to an ocean - front housing cooperative in Santa Monica, California. (ncb.coop)