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A zero-coupon municipal bond that can be converted into an interest-bearing bond under certain circumstances. The municiple convertible is a zero-coupon bo[阅读全文:]
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A term used to describe the percentage of loans that do not close in a mortgage originator's pipeline. Mortgage originators adjust the fallout assumptions[阅读全文:]
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Mortgage loans that have been locked in with a mortgage originator by borrowers, mortgage brokers or other lenders. A loan will stay in an originator's pi[阅读全文:]
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A group of mortgages held in trust as collateral for the issuance of a mortgage-backed security. Some mortgage-backed securities issued by Fannie Mae, Fred[阅读全文:]
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A funding source for home mortgages. Mortgage revenue bonds help low- and middle-income first-time home buyers by offering long-term mortgages at below-mar[阅读全文:]
An independent, unaffiliated research company that rates fixed income securities. Moody's assigns ratings on the basis of risk and the borrower's ability[阅读全文:]
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A type of revenue bond issued by a municipality or similar government body. A moral obligation bond not only gives investors the tax exemption benefits inh[阅读全文:]
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A process used in the settlement of mortgage-backed security to-be-announced (TBA) trades. This process requires that the sell side of a TBA trade inform t[阅读全文:]
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A bond secured by a mortgage on one or more assets. These bonds are typically backed by real estate holdings and/or real property such as equipment. In a d[阅读全文:]
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A company engaged in the business of originating and/or funding mortgages for residential or commercial property. A mortgage company is often just the orig[阅读全文:]