Mortgage subsidy bond is another word for a mortgage revenue bond, which are municipal bonds which are used to fund mortgage relief programs and refinancing arrangements through the state or municipal government.
In 1980, the Mortgage Subsidy Bond Tax Act established some rules and definitions surrounding mortgage subsidies and their bonds, and, more specifically, removing their exemption from federal taxation.
Mortgage subsidies are loan programs that are meant to provide relief to a certain type of borrower by not charging them interest, similar to some student loans. Mortgage subsidy bonds are the municipal debt issued to raise capital to help pay for these programs on a local and state level.
There are similar federal subsidies, such as FHA loans, but states have their own housing finance agencies (HFAs), which may go under different names. The downside for investors is that these municipal bonds are not deductible from federal income taxes in the way that many municipal bonds are.
Mortgage Revenue Bonds (MRBs), a closely related type of bond, enjoyed tax-exempt status. They regain the exemption as “activity bonds” in 1986.
There have been many notable investors who have withstood the test of time. Warren Buffett, J.P. Morgan, Benjamin Graham
Active management is when an investor or money manager attempts to outperform an index or benchmark using tactic strategy
GAAP are the accounting principles which must be followed by publicly traded corporations and are widely used elsewhere
Account reconcilement is the act of comparing and affirming multiple records of the same financial information
The FCPA is a law designed to prevent US-based companies from engaging in corrupt practices abroad
A market-with-protection order allows investors to hedge against the change that prices will move unexpectedly before...
Market research is the process of evaluating a possible opportunity for entering into a market with a new product
The HPA was enacted to protect consumers from the unscrupulous practices of some private mortgage insurance companies...
Similar to other cryptocurrencies, litecoin can be purchased through major cryptocurrency exchanges and wallet apps
Initial Coin Offerings are ways for new cryptocurrency or other technology companies to raise capital and put their coins into circulation