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Non-Agency Mortgage

A type of mortgage (mortgage loan) that is used by private entities (not government agencies) to back and issue non-agency...

Agency Mortgage

A type of mortgage loans (mortgages) that constitute securitized residential mortgage loans guaranteed by a certain government agency. Such mortgages...

TBA MBS

It stands for to-be-announced mortgage backed security; a type of mortgage backed security (MBS) that denotes forward-settling of MBS trades...

SPV

An acronym for special purpose vehicle; an entity (legal entity) that is specially established to fulfill a certain narrow or...

Special Purpose Vehicle

An entity (legal entity) that is specially established to fulfill a certain narrow or temporary purpose, rather than to function...

Agency Mortgage Backed Security

A type of mortgage backed security (MBS) that is issued on a pool of securitized residential mortgage loans guaranteed by...

Agency MBS

A type of mortgage backed security (MBS) that is issued on a pool of securitized residential mortgage loans guaranteed by...

SPE

It stands for special purpose entity; an entity (legal entity) that is specially established to fulfill a certain narrow or...

Special Purpose Entity

An entity (legal entity) that is specially established to fulfill a certain narrow or temporary purpose, rather than to function...

Mortgage Loan

A loan (interest bearing loan) that is extended for the purpose of purchasing or maintaining a real estate unit such...