jelzálogkötvények

Jelzálogkötvények, also known as mortgage bonds, are a type of bond secured by a pool of mortgages. These financial instruments are issued by financial institutions, typically banks or mortgage lenders, to raise capital. The underlying assets that back these bonds are residential or commercial mortgages. When a borrower repays their mortgage, the principal and interest payments are used to service the debt owed to the jelzálogkötvény holders. The value and performance of jelzálogkötvények are closely tied to the health of the mortgage market and the creditworthiness of the underlying borrowers. Investors purchase these bonds with the expectation of receiving regular interest payments and the return of their principal at maturity. The risk associated with jelzálogkötvények can vary depending on factors such as the quality of the mortgages in the pool, the issuer's financial stability, and prevailing interest rate conditions. They offer a way for investors to gain exposure to the real estate market indirectly while providing a source of funding for mortgage lending.