securitized mortgage
mortgage exchanged for securities a mortgage that has been converted into securities.
Related definitions of "securitized mortgage"
- See also securitization
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mortgage exchanged for securities a mortgage that has been converted into securities.
In broad terms, securitization can be viewed as pooling receivables and selling claims to these receivables in capital markets. For example, a mortgage lender may pool together thousands of mortgages and sell claims on mortgage receivables to investors. Historically, the first securitizations
By Tarun Sabarwal
Although securitization was first used in the late 1960s by US government entities to create mortgage-backed securities, it was not used by nonfinancial corporations (i.e., corporations whose principal activity is the production of goods and nonfinancial services) to raise funds in the public market until March 1985 when Sperry Lease Finance Corporation (now Unisys) issued securities backed by a pool of lease receivables
By Frank J. Fabozzi
! We would not have had the absurd position of people with very low incomes being granted 110% mortgages on third homes, and the toxic element in the US securitized mortgage market would have been greatly diminished.
By Hans Vrensen
Definitions of ’securitized mortgage’ and meaning of ’securitized mortgage’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’securitized mortgage’ and other financial terms with our online QFINANCE Financial Dictionary.