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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Mortgage Backed Security (MBS)

An asset-backed bond or other financial obligation secured by a pool of mortgage loans. Cash flows for the MBS are backed by the principal and interest payments from the associated pool of mortgage loans.
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.