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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 MatchesUnlisted 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. Inflation indexed securitiesInflation indexed securitiesSecurities such as bonds or notes that guarantee a return higher than the rate of inflation if the security is held to maturity. Commercial Mortgage Backed SecuritiesCommercial Mortgage Backed SecuritiesSimilar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments. Agency securitiesAgency securitiesIn the US, these are securities issued by federal government agencies. Project loan securitiesProject loan securitiesSecurities backed by a variety of FHA-insured loans-primarily multifamily apartment buildings, hospitals, and nursing homes. Further SuggestionsNational Securities Clearing Corporation (NSCC)Securities Industry Association Securities and commodities exchanges Insider Trading & Securities Fraud Enforcement Act of 1988 (ITSFEA) Osaka Securities Exchange (OSE) Discount securities Securities Act of 1933 National Association of Securities Dealers Automatic Quotation System (Nasdaq) National Securities Clearing Corporation Manufactured housing securities (MHS) Securities markets Marketable securities London Securities and Derivatives Exchange European Association of Securities Dealers Automated Quotation (EASDAQ) Stripped mortgage backed securities (SMBS) Government securities Agency securities Federal agency securities Universe of securities Fixed income securities Securities Exchange Act of 1934 Distressed securities European Association of Securities Dealers Automated Quotation International Organization of Securities Commissioners margin securities |
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