mortgage bond

American  

noun

1. a bond secured by a mortgage on real estate or other property.

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Etymology

Origin of mortgage bond

First recorded in 1885–90

Example Sentences

Outside of Warsh’s views on rates, which he increasingly has tied to productivity gains and the impact of artificial-intelligence technologies on inflation pressures, the Stanford University professor and Wall Street veteran also has been a strong advocate for trimming the Fed’s $6.6 trillion in Treasury, agency and mortgage bond holdings.

From Barron's

A stronger and more confident consumer would be a plus for big-ticket purchases like homes, and policy changes, such as the promised mortgage bond purchases putting downward pressure on mortgage rates, could further bolster buyers’ spirits after three straight years of disappointing sales.

From Barron's

I expected them to gape in wonder at the story of Howie Rubin, the Salomon mortgage bond trader, who had moved to Merrill Lynch and promptly lost $250 million.

From Literature

That exactly twenty years after Howie Rubin became a scandalous household name for losing $250 million, another mortgage bond trader named Howie, inside Morgan Stanley, would lose $9 billion on a single mortgage trade, and remain essentially unknown, without anyone beyond a small circle inside Morgan Stanley ever hearing about what he’d done, or why.

From Literature

The only problem was that there was no such thing as a credit default swap on a subprime mortgage bond, not that he could see.

From Literature