Pass-Through Certificate

外汇网2021-06-19 13:36:00 105

Fixed-income securities that repsent an unpided interest in a pool of federally insured mortgages put together by the Government National Mortgage Association (Ginnie Mae).

Taobiz explains Pass-Through Certificate

Mortgage-backed certificates are the most common type of pass-through, where homeowners' payments pass from the original bank through a government agency or investment bank to investors.

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