Friday, October 23, 2015

Term of the Day: Dwarf

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October 23, 2015
Dwarf

A slang term used to describe a pool of mortgage backed securities (MBSs) that have been issued by Fannie Mae and have a maturity of 15 years.

Breaking It Down:

Fannie Mae is short for the Federal National Mortgage Association. It is one of the governing bodies that are...

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Related Definitions

Midgets
Maturity Date
Weighted Average Maturity - WAM
Mortgage-Backed Security (MBS)
Ginnie Mae - Government National Mortgage Association - GNMA

Past Terms of the Day

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Sleeping Beauty
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