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Towne Bank (FRA:3T8) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)


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What is Towne Bank Mortgage Backed Securities (USD Mil)?

Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.

The historical rank and industry rank for Towne Bank's Mortgage Backed Securities (USD Mil) or its related term are showing as below:


Towne Bank Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for Towne Bank's Mortgage Backed Securities (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Towne Bank Mortgage Backed Securities (USD Mil) Chart



Towne Bank  (FRA:3T8) Mortgage Backed Securities (USD Mil) Explanation

Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.


Towne Bank Mortgage Backed Securities (USD Mil) Related Terms

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Towne Bank (FRA:3T8) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bank (FRA:3T8) » Definitions » Mortgage Backed Securities (USD Mil)
Traded in Other Exchanges
Address
5716 High Street, Portsmouth, VA, USA, 23703
Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.

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