MBS Pool Number

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Dictionary Says

Definition of 'MBS Pool Number'

A number or alphanumeric character assigned to a mortgage-backed security (MBS) by the issuer as an identifier of that security. Pool numbers are typically six digits in length. Different issuers such as Freddie Mac, Fannie Mae and Ginnie Mae use different alpha characters as the initial digit in their pool numbers to identify the pool as their issue. For example, a Freddie Mac 30-year pool number might be D54321 while a Fannie Mae 30-year pool number might be F54321.
Investopedia Says

Investopedia explains 'MBS Pool Number'

Mortgage-backed securities (MBS) traders frequently use pool numbers (as opposed to Cusip numbers) to identify and trade securities as the pool number is more easily quoted, and the initial digit in the pool number frequently identifies the issuer. Those familiar with pool numbers might also be able to quickly distinguish between older and newer issues by the pool number.
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'MBS Pool Number'

  • The Risks Of Mortgage-Backed Securities

    http://www.investopedia.com/articles/mortgages-real-estate/08/weighted-average-mbs.asp
    ... for a number of reasons, have some unique features which add risk when compared
    to plain vanilla bonds. MBS are collateralized by a pool of residential ...

  • What is securitization?

    http://www.investopedia.com/ask/answers/07/securitization.asp
    ... Furthermore, at the time the MBS is being created, the issuer will often choose
    to break the mortgage pool into a number of different parts, referred to as ...

  • Why Are Mortgage Rates Increasing?

    http://www.investopedia.com/articles/pf/07/secondary-market.asp
    ... If the model's assumptions about the number of defaults in the underlying pool of
    mortgages of a ... bid prices for the mortgages and/or MBS they purchase ...

  • Are mortgage-backed securities backed by any guarantees?

    http://www.investopedia.com/ask/answers/07/MBS-guarantee.asp
    ... time passing through mortgage payments to MBS owners ... on how diversified the underlying
    pool of mortgages ... However, if a significant number of mortgagors begin to ...

  • Asset Allocation In A Bond Portfolio

    http://www.investopedia.com/articles/04/111804.asp
    ... Mac buy residential mortgages from banks and pool them into ... big difference between
    an ABS and a MBS is that ... the ability to focus on a limited number of bonds. ...

  • Conquering The Terms Of Your Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/08/loan-to-value.asp
    ... MBS investors required that a majority of loans in a specific pool have similar ... The
    reason for the small number of low-LTV loans is that most of them are ...

  • How Bond Market Pricing Works

    http://www.investopedia.com/articles/bonds/07/pricing_conventions.asp
    ... market consists of a great number of issuers ... Mortgage-Backed Securities (MBS): A
    bond collateralized by the ... interest payments from an underlying pool of single ...

  • Series 65 Study Guide - Stocks and Mutual Funds - Mutual Funds ...

    http://www.investopedia.com/exam-guide/series-65/stocks-mutual-funds/mutual-funds.asp
    ... 8.8 Mortgage-Backed Securities - MBS; 8.9 Municipal Bonds. 9 ... Unit Investment Trusts
    (UITs) - a pool of unmanaged ... a mutual fund issues a fixed number of shares ...

  • Bailout Acronyms 101

    http://www.investopedia.com/articles/basics/09/understanding-bailout-acronyms.asp
    ... more into the bailout pool by printing ... FSP Bailout number three, the Financial
    Stabilization ... mortgage-backed securities (MBS); collateralized mortgage-backed ...

  • Exploring Real Estate Investments: What Is Real Estate? ...

    http://www.investopedia.com/university/real_estate/real_estate1.asp
    ... in this market by purchasing properties with any number of partners ... this is known
    as a pool or syndicate ... REIT, a mortgage-backed securities (MBS) or (Commercial ...

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