Mortgage-Backed Security (MBS) Mean?
A type of asset-backed security that is secured by a mortgage or collection of mortgages. These securities must also be grouped in one of the top two ratings as determined by a accredited credit rating agency, and usually pay periodic payments that are similar to coupon payments. Furthermore, the mortgage must have originated from a regulated and authorized financial institution.
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Mortgage-Backed Security (MBS) Mean?
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India gears up for first asset-backed property bonds
While the bond structure is loosely referred to in India as a commercial mortgage-backed security (CMBS), it differs from a CMBS in the United States or Europe, under which lenders securities mortgages on commercial property. India gears up for first asset-backed property bonds Indian property firms, including DLF , are gearing up to sell the country's first bonds backed by rental income from their office buildings and shopping malls.
Read more at: https://www.moneycontrol.com/news/bonds/india-gearsfor-first-asset-backed-property-bonds_976626.html?utm_source=ref_article
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