Definition of Aggregator:
Aggregators are essentially service providers who eliminate some of the effort issuers need to go through in creating mortgage-backed security. Depending on what the end customer is looking for, aggregators can seek out and purchase a defined type of mortgage from a diverse set of lenders and originators. By expanding the search across a variety of mortgage originators, including regional banks and specialty mortgage companies, it is possible to create tailored mortgage-backed securities that couldn't easily be sourced from a single mortgage originator.
A website or program that collects related items of content and displays them or links to them.
A company that negotiates with producers of a utility service such as electricity on behalf of groups of consumers.
An individual or entity that gathers, organizes, and classifies things into groups that have similar characteristics.
An aggregator is an entity that purchases mortgages from financial institutions and then securitizes them into mortgage-backed securities (MBS). Aggregators can be the issuing banks or subsidiaries within the financial institutions themselves or brokers, dealers, correspondents, or another type of financial corporation. Aggregators earn profit by purchasing individual mortgages at lower prices and then selling the pooled MBS at a higher premium.
How to use Aggregator in a sentence?
- Aggregators may recruit members from any location in Texas with electric competition, and all aggregators must be registered with the Public Utility Commission of Texas.
- Subscribers can sign-up for Spannings service by clicking on the RSS buttons at the companys website and run popular aggregators such as FeedDemon, NewsGator or NetNewsWire.
Meaning of Aggregator & Aggregator Definition