Commercial and Residential Mortgage Securities

Mortgage securities are debt obligations which represent cash flow claims on a pool of commercial and residential mortgage loans. This form of security claims the mortgage principal and any interest paid by the borrowers.  Investors can choose from a range of mortgage securities, such as pass-through participation certificates and collateralized mortgage obligations. Mortgage securities generally follow the housing market as a whole, thriving in periods of economic health. Securities offered include both commercial and residential types.