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  2. Surety - Wikipedia

    en.wikipedia.org/wiki/Surety

    A surety bond is defined as a contract among at least three parties: [1] the obligee: the party who is the recipient of an obligation; the principal: the primary party who will perform the contractual obligation; the surety: who assures the obligee that the principal can perform the task; European surety bonds can be issued by banks and surety ...

  3. Bond insurance - Wikipedia

    en.wikipedia.org/wiki/Bond_insurance

    Bond insurance, also known as "financial guaranty insurance", is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security.

  4. Mortgage-backed security - Wikipedia

    en.wikipedia.org/wiki/Mortgage-backed_security

    A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. More generally, bonds which are secured by the pledge of specific assets are called mortgage bonds. Mortgage bonds can pay interest in either monthly, quarterly or semiannual periods. The prevalence of mortgage bonds is commonly credited to Mike Vranos.

  5. Credit enhancement - Wikipedia

    en.wikipedia.org/wiki/Credit_enhancement

    Surety bonds are insurance policies that reimburse the ABS for any losses. They are external forms of credit enhancement. ABS paired with surety bonds have ratings that are the same as that of the surety bond’s issuer. [1] By law, surety companies cannot provide a bond as a form of a credit enhancement guarantee.

  6. Real estate mortgage investment conduit - Wikipedia

    en.wikipedia.org/wiki/Real_estate_mortgage...

    REMICs are investment vehicles that hold commercial and residential mortgages in trust and issue securities representing an undivided interest in these mortgages. A REMIC assembles mortgages into pools and issues pass-through certificates, multiclass bonds similar to a collateralized mortgage obligation (CMO), or other securities to investors in the secondary mortgage market.

  7. Mortgage seasoning: What is it and what are the requirements?

    www.aol.com/finance/mortgage-seasoning...

    Seasoning, for mortgage-related purposes, refers to the amount of time you've had funds in your bank account — specifically, the ready money to cover the down payment and closing costs.

  8. Bond (finance) - Wikipedia

    en.wikipedia.org/wiki/Bond_(finance)

    In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. [1])

  9. Trump may lose his namesake Trump Tower if he can’t ... - AOL

    www.aol.com/news/trump-could-lose-namesake...

    The former president and presumptive GOP 2024 presidential nominee has approached “about 30 surety companies through four separate brokers,” his attorneys said, but have so far come back empty ...