Security Balance
For an MBS PoolMBS PoolMBS Security backed by MBS Mortgage Loans. , the Issue Date Principal BalanceIssue Date Principal BalanceFor any Securitized Mortgage Loan, the UPB of the Note after crediting: the principal portion of any scheduled monthly installment due on or before the Security Issue Date, whether or not collected; and any unscheduled principal payment received on or before the Security Issue Date. minus any MBSMBSMortgage-Backed Security principal distribution amounts included in previous MBSMBSMortgage-Backed Security monthly remittances.
Synonyms
Security Balances