What Does Loan-backed Securities Mean?

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What does Loan-backed Securities mean? Read on to discover the definition & meaning of the term Loan-backed Securities - to help you better understand the language used in insurance policies.

Loan-backed Securities

Loan-backed Securities

pass-through certificates, collateralized mortgage obligations (CMOs), and other securitized loans not included in structured securities where payment of interest and/or principal is directly proportional to the interest and/or principal received by the issuer from the mortgage pool or other underlying securities.

We hope the you have a better understanding of the meaning of Loan-backed Securities.

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