Mortgage Securitization RMBS Residential Mortgage-Backed Security — a bond backed by residential mortgages.
Mortgage Securitization Servicer The company that collects payments and manages a mortgage on behalf of the loan owner.
Mortgage Securitization Servicing Strip The fee paid to the servicer carved out of the loan’s interest rate.
Mortgage Securitization Subordination Level The percentage of pool losses a senior tranche can absorb before being affected.
Mortgage Securitization Trustee (Securitization) The entity holding the securitization pool on behalf of investors.
Mortgage Loans Negative Amortization When loan payments don’t cover interest, causing the balance to grow over time.
Mortgage Loans Non-QM Loan A mortgage that doesn’t meet the qualified-mortgage standards — often for self-employed borrowers.
