Business, Legal & Accounting Glossary
A reverse repurchase agreement between mortgage firms and securities dealers. Under the agreement, the firm sells federal agency-guaranteed MBS and simultaneously agrees to repurchase them at a future date at a fixed price.
An agreement between mortgage firms and securities dealers to purchase securities with the promise to resell them at a higher price in the future. This agreement allows a firm to sell asset-backed securities, also referred to as mortgage-back securities, with the stipulation that the selling firm will repurchase those securities at a future date for a predetermined price.
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This glossary post was last updated: 5th January, 2022 | 0 Views.