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Lehman Brothers Mortgage Backed Securities Index |
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Lehman Brothers Mortgage Backed Securities IndexA benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA).Lehman Brothers Mortgage Backed Securities Index Similar MatchesDefensive securitiesDefensive securitiesSecurities which are considered to be more stable in price in a market where prices are falling. Unlisted securities marketUnlisted securities marketA market set up by the London Stock Exchange in 1980 for the trading of shares of small to medium sized companies which did not qualify for a full listing. The USM was discontinued at the end of 1996. Federal agency securitiesFederal agency securitiesSecurities issued by corporations and agencies created by the US government, such as the Federal Home Loan Bank Board and Ginnie Mae. Stripped mortgage backed securities (SMBS)Stripped mortgage backed securities (SMBS)Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors. Irredeemable securitiesIrredeemable securitiesSecurities, such as some debentures (perpetual debentures) and certain government loan stock (Consols) which do not have a redemption date that is there is no date specified for repayment of capital. Further SuggestionsInternational Securities Identification NumberSecurities Industry Committee on Arbitration (SICA) Securities and Futures Authority listed securities Public securities offering Principal Exchange Rated Linked Securities (PERLS) Securities Exchange Act of 1934 agency securities unlisted securities Treasury securities (treasuries) Government securities Uniform securities agent state law examination Distressed securities International Organization of Securities Commissioners Treasury securities PIK (Payment in kind) securities National Securities Clearing Corporation (NSCC) Securities and Exchange Commission Rules fixed income securities registered securities Marketable securities Original Issue Discount securities (OIDS) National Association of Securities Dealers Mortgage Backed Securities Clearing Corporation (MBSCC) Securities Industry Association |
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