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RMBS Selected Investors
RMBS may refer to: * Residential mortgage-backed security * Royal Marines Band Service * Rambus Rambus Incorporated, founded in 1990, is an American technology company that designs, develops and licenses chip interface technologies and architectures that are used in digital electronics products. The company is well known for inventing ..., ticker symbol {{disambig ...
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Residential Mortgage-backed Security
Bonds securitizing mortgages are usually treated as a separate class, termed residential mortgage-backed security (RMBS). In that sense, making reference to the general package of financial agreements that typically represents cash yields that are paid to investors and that are supported by cash payments received from homeowners who pay interest and principal according to terms agreed to with their lenders; it is a funding instrument created by the "originator" or "sponsor" of the mortgage loan; without cross-collateralizing individual loans and mortgages (because it would be impossible to receive permission from individual homeowners), it is a funding instrument that pools the cash flow received from individuals and pays these cash receipts out with waterfall priorities that enable investors to become comfortable with the certainty of receipt of cash at any point in time. There are multiple important differences between mortgage loans originated and serviced by banks and kept on th ...
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Royal Marines Band Service
The Royal Marines Band Service is the musical wing of the Royal Navy and an independent element of the Royal Marines. It currently consists of five bands plus a training wing – the Royal Marines School of Music at HMS ''Nelson'' – and its headquarters is at , Whale Island, Portsmouth. History The development of music in the Royal Marines is inextricably linked with the evolution of British military bands. Lively airs and the beat of the drum enabled columns of marching men to keep a regular step. The drum was the normal method of giving signals on the battlefield or in camp. As long ago as the days of Drake and Hawkins the drummer's rhythm would advertise the changing watches or beat the men to quarters. Royal Marine Drummers were first mentioned in the 1664 Convening Order, at the formation of Corps and so pride themselves as being the oldest Branch in the Corps. Without doubt, groups of musicians existed in the Service before 1767, when Royal Marines Divisional Bands ...
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