Investment Types

There are currently five different investment types available to choose from when editing a Loan Type:

  1. Mortgage (Mtg): traditional mortgages
  2. Security/MBS (MBS): Mortgage-Backed Securities, also referred to as mortgage pools
  3. US Gov't & Agency (USGA): debt securities issued by the U.S. Treasury, by U.S. government agencies and by U.S government-sponsored enterprises; also referred to simply as Treasuries
  4. Stock (Stock): Federal Home Loan Bank (FHLB)-restricted and non-public stock
  5. Loan (Loan): Federal Home Loan Bank (FHLB) advances; ie, cash loaned to Citizens from the FHLB
  6. Cert of Deposit (CD): Certificates of Deposit up to $250,000 (i.e., fully FDIC insured)
Mtg MBS USGA Stock Loan CD
Interest Accrual Method 30/360 30/360 Actual 365 Fixed N/A N/A Actual 365 Fixed
Amortizes Premiums/Discounts N/A Yes Yes N/A N/A N/A
Sale Status HTM HTM/AFS/Trading HTM/AFS/Trading N/A N/A AFS
Interest Income Subject to PA Tax? Yes Yes Yes/No Yes N/A Yes
  • loan_mgmt/investment_types.txt
  • Last modified: 2017/05/17 23:54 UTC
  • by mwolfe