delay days

delay days
Lag times. The amount of time before the owner of a MBS receives payments from the underlying mortgages. The time between when the underlying mortgagors make their payments to the servicers and when those payments are due to the MBS investors. Delay days may refer to either stated delay or actual delay days. Stated delay days is the number of days from the issuance of an MBS pool or from the beginning of the interest accrual period until the first payment remitted to the investors who own the right to receive the cash flow. For example, a GNMA MBS pool with a stated delay of 45 days would pay interest accrued in January to security holders on February 15. Actual delay days is the monthly lag, measured in days, between the date the payments are due from a mortgage loan borrower and the date that the pro rata share of those payments is remitted to the MBS investors who own the right to receive the cash flow. Thus, since the January payment is not due until February 1, GNMA holders who receive January's payment on February 15 have 14 actual delay days. American Banker Glossary

Financial and business terms. 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • delay days — See lay days …   Ballentine's law dictionary

  • actual delay days — See delay days. American Banker Glossary …   Financial and business terms

  • Delay box — is a common slang term used in drag racing to describe an on board timer which is a Transmission Brake Delay Timer. A transbrake forces the race car to remain stationary at the starting line, in gear, regardless of how much engine power is… …   Wikipedia

  • Delay 1968 — Compilation album by Can Released 1981 …   Wikipedia

  • Days of our Lives — Main title card Genre Soap opera Created by Ted Corday Betty Corday …   Wikipedia

  • delay - cancel - postpone — ◊ delay If you delay doing something, you do it at a later time. The government delayed granting passports to them until a week before their departure. Try and persuade them to delay some of the changes. If a plane, train, ship, or bus is delayed …   Useful english dictionary

  • Delay Point — (66°27′S 98°15′E / 66.45°S 98.25°E / 66.45; 98.25) is a rocky bluff rising to 185 m on the west side of Melba Peninsula, about 6 nautical miles (11 km) west of Cape Charcot. Discovered by the …   Wikipedia

  • delay — I. noun Date: 13th century 1. a. the act of delaying ; the state of being delayed < get started without delay > b. an instance of being delayed 2. the time during which something is delayed < a delay of 30 minutes > II …   New Collegiate Dictionary

  • Days of Our Lives — Infobox Television Soap Opera show name = Days of Our Lives caption = Opening title screen, during which the show s trademark voiceover is heard: Like sands through the hourglass, so are the days of our lives network = NBC , SOAPnet genre = Soap… …   Wikipedia

  • stated delay — See delay days …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”