The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
Mortgage-Backed Security (Mbs)
mortgage-backed security (mbs)
- a Fannie Mae security that represents an undivided interest in a group of mortgages. Principal and interest payments from the individual mortgage loans are grouped and paid out to the MBS holders.
Source: U.S. Department of Housing and Urban Development