MBS Pool Number

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.

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.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • delay days — Lag times. The amount of time before the owner of a MBS receives payments from the underlying mortgages. The time between when the underlying mortgagors make their payments to the servicers and when those payments are due to the MBS investors.… …   Financial and business terms

  • TBA — Acronym for to be announced. Most new MBS pass through bonds can be purchased on a TBA basis. American Banker Glossary See: to be announced TBA ( to be announced) A contract for the purchase or sale of a MBS to be delivered at an agreed upon… …   Financial and business terms

  • factor — (1) The percent of the original face of an MBS pool that remains outstanding at any given time is called the current factor. Principal payments, made by the borrowers, reduce the original face every month. Thus there is a new current factor each… …   Financial and business terms

  • to be announced — ( TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. Bloomberg Financial Dictionary …   Financial and business terms

  • Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions …   Wikipedia

  • Late-2000s financial crisis — The TED spread (in red) increased significantly during the financial crisis, reflecting an increase in perceived credit risk …   Wikipedia

  • Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Mortgage-backed Securities — sind besicherte Anleihen, also durch Vermögenswerte gesicherte Wertpapiere, deren Bargeldflüsse durch die Zins und Tilgungszahlungen eines Pools von grundpfandrechtlich gesicherten Forderungen getragen werden. Im Gegensatz zu Pfandbriefen… …   Deutsch Wikipedia

  • Mortgage Backed Security — Mortgage Backed Securities sind besicherte Anleihen, also durch Vermögenswerte gesicherte Wertpapiere, deren Bargeldflüsse durch die Zins und Tilgungszahlungen eines Pools von grundpfandrechtlich gesicherten Forderungen getragen werden. Im… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”