The MBS within the scope of the purchase program have rights to the cash flows from the underlying mortgages.
12.
"You may have to pay off the underlying mortgage on the building because you're changing the nature of the security,"
13.
Adding to its exclusivity, and insulating it from the risk of a tenant default, the building has no underlying mortgage.
14.
For the most safety, stay away from funds that make risky gambles with derivatives, generally derived from underlying mortgage securities.
15.
Another purchaser of underlying mortgages citywide has been Isaac Rokowsky, principal in Morris Rokowsky Real Estate, based in Borough Park, Brooklyn.
16.
Lenders determine what too high is, he said, by dividing the borrower's proportionate share of the underlying mortgage by the purchase price.
17.
The greater the volatility, the harder it is for investors to estimate how quickly homeowners will repay the loans underlying mortgage-backed securities.
18.
The M & T Bank ( formerly East New York Savings Bank ) has acquired a 50 percent interest in the underlying mortgage.
19.
Expecting redemptions of mortgage-backed securities because the underlying mortgages are being refinanced, managers are buying Treasury securities to fill potential openings in portfolios.
20.
First, the co-op's underlying mortgage, which is secured by the building, must be paid off by assessing owners their share of that loan.
