Northeast Bank (STU:73K) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)

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What is Northeast 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 Northeast Bank's Mortgage Backed Securities (USD Mil) or its related term are showing as below:

Northeast Bank Mortgage Backed Securities (USD Mil) Historical Data

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

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Northeast Bank Mortgage Backed Securities (USD Mil) Chart

Northeast Bank (STU:73K) 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.

Northeast Bank Mortgage Backed Securities (USD Mil) Related Terms

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Northeast Bank (STU:73K) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northeast Bank (STU:73K) » Definitions » Mortgage Backed Securities (USD Mil)

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NBN:USA

Address

27 Pearl Street, Portland, ME, USA, 04101

Website

https://www.northeastbank.com

Northeast Bank provides banking and financial services to individual and corporate customers in the US. The firm conducts its loan-related activities through three primary channels: the Community Banking Division, the Loan Acquisition and Servicing Group, and the Small Business Administration Division. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, consumer loans and small business administration loans. The firm also provides telephone banking, online banking, mobile banking, and remote deposit capture services. The revenue of the company is derived primarily from interest and dividends from the bank.

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