| Original Face |
| The par value of a mortgage-backed security at the time it is issued. Unlike most other types of bonds, mortgage-backed securities return both principal and interest to the holder in periodic payments (usually monthly). Over time, the outstanding principal balance of a mortgage-backed security will be reduced. The original face remains an important and distinguishing piece of information associated with a mortgage-backed security. |
Monday, October 5, 2009
Original Face
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment