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Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.
The historical rank and industry rank for Federal National Mortgage Association Fannie Mae's Mortgage Backed Securities (USD Mil) or its related term are showing as below:
The historical data trend for Federal National Mortgage Association Fannie Mae's Mortgage Backed Securities (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Federal National Mortgage Association Fannie Mae (OTCPK:FNMAP.PFD) Mortgage Backed Securities (USD Mil) Explanation
Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.
Thank you for viewing the detailed overview of Federal National Mortgage Association Fannie Mae's Mortgage Backed Securities (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
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