What is Magyar Bancorp Mortgage Backed Securities (USD Mil)?
Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.
Magyar Bancorp's Mortgage Backed Securities (USD Mil) for the quarter that ended in Dec. 2023 was 66.94
, which is higher than
61.15 for the pervious quarter ended in Jun. 2023.
Magyar Bancorp's Mortgage Backed Securities (USD Mil) for the annual that ended in Sep. 2023 was 65.79
, which is higher than
64.35 for the pervious year ended in Sep. 2022.
The historical rank and industry rank for Magyar Bancorp's Mortgage Backed Securities (USD Mil) or its related term are showing as below:
Magyar Bancorp Mortgage Backed Securities (USD Mil) Historical Data
The historical data trend for Magyar Bancorp's Mortgage Backed Securities (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Magyar Bancorp Mortgage Backed Securities (USD Mil) Chart
Competitive Comparison of Magyar Bancorp's Mortgage Backed Securities (USD Mil)
For the Banks - Regional subindustry, Magyar Bancorp's Mortgage Backed Securities (USD Mil), along with its competitors' market caps and Mortgage Backed Securities (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Magyar Bancorp (NAS:MGYR) Mortgage Backed Securities (USD Mil) Explanation
Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.
Magyar Bancorp Mortgage Backed Securities (USD Mil) Related Terms
Thank you for viewing the detailed overview of Magyar Bancorp's Mortgage Backed Securities (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Magyar Bancorp (Magyar Bancorp) Business Description
Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.
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