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Orrstown Financial Services (FRA:OFR) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)


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What is Orrstown Financial Services 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.

The historical rank and industry rank for Orrstown Financial Services's Mortgage Backed Securities (USD Mil) or its related term are showing as below:


Orrstown Financial Services Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for Orrstown Financial Services'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.
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Orrstown Financial Services Mortgage Backed Securities (USD Mil) Chart



Orrstown Financial Services  (FRA:OFR) 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.


Orrstown Financial Services Mortgage Backed Securities (USD Mil) Related Terms

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Orrstown Financial Services (FRA:OFR) Business Description

Traded in Other Exchanges
Address
77 East King Street, P.O. Box 250, Shippensburg, PA, USA, 17257
Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The company operates in a significant segment - Community Banking.

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