Words similar to mortgage-backed
Example sentences for: mortgage-backed
How can you use “mortgage-backed” in a sentence? Here are some example sentences to help you improve your vocabulary:
Johnson is the former Mondale aide who runs Fannie Mae, the "government sponsored enterprise" that buys mortgages, packages them into large blocks and resells them as "mortgage-backed securities."
These days, however, that function is served by many private companies: Mortgage-backed securities are a roaring business.
Basically what it does is buy home mortgages from banks and package them into what are called "mortgage-backed securities," which it sells to investors.