The phrase "a mortgage security" is correct and usable in written English.
It can be used in financial contexts to refer to a type of investment that is backed by a mortgage or a pool of mortgages.
Example: "Investors are increasingly interested in a mortgage security as a way to diversify their portfolios."
Alternatives: "mortgage-backed security" or "secured mortgage investment".
But a mortgage security includes thousands of loans, some more risky than others.
In the Goldman case, the S.E.C. accused Mr. Tourre of misleading investors about a mortgage security that ultimately failed.
In that matter, prosecutors accused the bank of misleading investors when it sold them a mortgage security in early 2008.
The proposal was this: If a mortgage security contains only high-quality loans, the banks can sell the entire offering.
Credit-default swaps, one type of derivative, could protect the holder of a mortgage security against a possible default.
The financial crisis cases brought by the S.E.C. — like a recent settlement with JPMorgan Chase for selling a mortgage security that soured — have rarely named executives as defendants.
HE has been buying so-called Alt-A mortgage securities, packages of loans with credit quality rated between prime and subprime.
The fund's managers did not want to sell securities in which the fund had invested, including prime and "Alt-A" mortgage securities, into the jittery market, the person said.
There it was again in the S.E.C.'s announcement on Wednesday that Citigroup had agreed to pay $285 million to settle a civil complaint that it had defrauded investors in a mortgage securities deal.
The case was settled on the heels of a JPMorgan settlement last month in which it agreed to pay $153.6 million to resolve federal civil accusations that it misled investors in a mortgage securities transaction in 2007.
Deal Professor » Goldman Sachs Challenges Class-Action Lawsuit | Goldman Sachshs urged the United States Supreme Court "to throw out a mortgage securities class-action lawsuit that it said could cost Wall Street tens of billions of dollars," Reuters reports.
