Stripped mortgage-backed securities (SMBSs)

Stripped mortgage-backed securities (SMBSs)
Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their use in meeting special needs of investors. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • stripped mortgage-backed securities — ( SMBSs) Mortgage securities that separate principal and interest payments from the underlying mortgage backed securities. SMBSs can take four forms: interest only strips, called I/O strips; principal only strips, called P/O strips; discount… …   Financial and business terms

  • SMBSs — stripped mortgage backed securities (SMBSs) Mortgage securities that separate principal and interest payments from the underlying mortgage backed securities. SMBSs can take four forms: interest only strips, called I/O strips; principal only… …   Financial and business terms

  • SMBS — stripped mortgage backed securities ( SMBSs) Mortgage securities that separate principal and interest payments from the underlying mortgage backed securities. SMBSs can take four forms: interest only strips, called I/O strips; principal only… …   Financial and business terms

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