Mortgage-backed security

{
  "id": "MLC-T-INS-002233",
  "term": "Mortgage-backed security",
  "field": "Insurance and risk management",
  "definition": "A financial instrument that represents an ownership interest in a pool of mortgage loans. Investors in mortgage-backed securities receive payments derived from the principal and interest payments made by the homeowners on their underlying mortgages. These securities are a common way for financial institutions to raise capital and for investors to gain exposure to the housing market.",
  "url": "https://mlchart.com/terminology/insurance/mortgage-backed-security/"
}