3/6/2023 0 Comments Principal writedown![]() Overcollateralization) of a security that improves its credit quality.Ĭonforming Loans – Mortgage loans that satisfy agency (i.e. Also known as a liquidation estate.Ĭollateral – Properties or assets that are offered to secure a loan and become subject to seizure upon default.Ĭommercial Mortgage-Backed Securities (CMBS) – A type of Mortgage-Backed Security backed by commercial mortgage loans.Ĭoupon Rate – The scheduled interest earned on a security, expressed as a percentage of the outstanding balance.Ĭredit Enhancement – A form of guarantee, insurance, or other characteristic (e.g. These powers include the ability to facilitate funding and disposition of assets. ![]() Commonly administered by NCUA's Asset Management and Assistance Center, to which the NCUA Board has delegated statutory authorities providing broad supervisory and management powers over the credit union's assets and operations. The asset pools may include credit card payments and auto loans, or esoteric cash flows such as aircraft leases, royalty payments and movie revenues.Īsset Management Estate (AME) – Estate that holds the assets of a failed institution. ![]() The following table provides a brief description of the common terms used in connection with the NGN Program.ģ0 Days Delinquent – The percentage of loans underlying a Security that are 30 to 59 days behind on their scheduled payments.Ħ0 Days Delinquent – The percentage of loans underlying a Security that are 60 to 89 days behind on their scheduled payments.ĩ0 Days Delinquent – The percentage of loans underlying a Security that are 90 to 180 days behind on their scheduled payments.Īgency Mortgage-Backed Security (MBS) – A type of Mortgage-Backed Security backed by government guaranteed mortgage loans.Īlt-A Loans – Loans extended to borrowers who have a high credit quality but whose characteristics fall outside the margins of Conforming Loan guidelines, such as higher loan-to-value (LTV) ratios or inadequate documentation.Īsset-Backed Security (ABS) – A security whose value and payments are derived from and collateralized (or backed) by the expected cash flows of pools of income-generating assets. ![]()
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