New Move to Boost Housing Loans

Bank Maskan, the main housing lender, started offering 10 trillion rials ($45 million) in mortgage-backed securities (MBS) in the bond market to raise funds for its housing projects. 
A MBS is an investment similar to a bond that is made up of a bundle of home loans bought from the banks that issued them. A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. 
Investors in MBS receive periodic payments similar to bond coupon payments. The investor who buys a mortgage-backed security is essentially lending money to home buyers.