Contributions collected by Charity #1 who is merely acting as a collection agent for Charity #2. Also known as flow-through contributions.
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International economists usually call pass-through period the interval within which the domestic price of foreign goods adjusts to the exchange rate changes. The pass-through period is consistent with the existence of the so-called J-curve.
Security, backed by a pool of mortgage loans or other debt instruments, that provides the holder with the cash flow from the mortgage/debt payments.
Pass-through security refers to a type of security where a group of individual debt obligations from several institutions are combined by a governing body. The debts are consolidated to principal and interest and the consolidating entity sells it to third party investors.
Pass-through coupon rate
The interest rate paid on a securitized pool of assets, which is less than the rate paid on the underlying loans by an amount equal to the servicing and guaranteeing fees.
AGENCY ~S - Mortgage ~ securities whose principal and interest payments are guara...
AGENCY PROBLEM - Conflicts of interest among stockholders, bondholders, and managers.
AGENCY SECURITIES - Securities issued by federally related institutions and U.S. government-sponsored e...
Definition: [crh] Agency ~s that guarantee (1) timely interest payments and (2) Definition: principal"principal payments as collected, but no later than a specified time after they are due. Related: fully modifiedDefinition: ~s ...
~ Rate Rate of interest that is actually payable to investors after the advertised mortgage coupon rate is adjusted with fees for management, servicing and guarantee.
~ A security issued by a special purpose vehicle that pays investors whatever net cash flows the special purpose vehicle's assets generate.
passive investing Investing in such a way as to mirror the holdings of some benchmark.
The original type of MBS structure. In a ~, investors own a pro rata claim to the cash flows from the pool of underlying mortgages. Each investor's pro rata share of interest and principal is remitted to the investor, "passed through," by an agent.
~ rate ...
~ operations (also called transshipments) involve a foreign country's use of one country in a trade bloc as a means of gaining preferential treatment from other countries in the bloc.
The net interest rate passed through to investors after deducting servicing, management,
and guarantee fees from the gross mortgage coupon.
revenue-driven expenses ...
Taxation in which a company's income is not taxed at the entity level. Instead the company's income or loss is "passed through" the business and reported on owners' personal tax returns. Any tax due is then paid tat the individual level.
~ security: In a ~ security, debt obligations are purchased by an intermediary who packages them into new securities backed by the pooled obligations and then sells shares in the pool in the open market.
A pool of fixed income securities backed by a package of assets (i.e., mortgages) where the holder receives the principal and interest payments. Related: Mortgage ~ security
Passive investment management ...
When a corporation or government agency buys loans from lenders to pool and package as securities for resale to investors, the products may be ~ securities.
Mortgage ~ securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association (Ginnie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), ...
~ Account (in banking)
Which of these is not a responsibility of the Federal Reserve Bank? Read answer...
The rate on a securitized asset pool - such as a mortgage-backed security (MBS) - that is "passed-through" to investors once management fees and guarantee fees have been paid to the securitizing corporation.
A ~ tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of ~ certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986.
Agency ~s that guarantee the timely payment of both interest and principal. Related: modified ~s
Personal Finance Headlines
Agency ~s that guarantee (1) timely interest payments and (2) principal payments as collected, but no later than a specified time after they are due.
Mandatory redemption schedule
Schedule according to which bond sinking fund payments must be made.
A GNMA ~ certificate backed by fixed-rate mortgages with a 15-year maturity. GNMA Midget is a dealer term and is not used by GNMA in the formal description of its programs.
Freddie Mac's 15-year fixed-rate ~ securities issued under its cash program.
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Mortgage ~ Cash Flow for Path 1
Mortgage ~ Cash Flow for Path 2
A security representing a direct interest in a pool of mortgage loans. The ~ issuer or servicer collects payments on the loans in the pool and "passes through" the principal and interest to the security holders on a pro rata basis.
Municipal Bond ...
Ginnie Mae ~
Definition: A security guaranteed by the Government National Mortgage Association that is backed by a collection of mortgages, in which the investor receives the interest and principal payments of participating homeowners.
Related: active portfolio strategy ~ rate The net interest rate passed through to investors after deducting servicing, management, and guarantee fees from the gross mortgage coupon. ~ securities A pool of fixed-income securities backed by a package of assets (i.e.
The extent to which an exchange rate change is reflected in the prices of imported goods. With full ~, a currency depreciation, which increases the price of foreign currency, would increase the prices of imported goods by the same amount, and vice versa.
~ ENTITY -- A nontaxable entity such as a partnership. Generally, the income or expense is passed to the underlying owner.
PATENT -- Form of intellectual property.
GNMA (Ginnie Mae) ~ certificate
Fixed-income securities that represent an undivided interest in a pool of federally insured mortgages put together by GNMA, the Government National Mortgage Association.
Selling privately held shares to new investors for the first time.
Although Ginnie Mae ~s have benefited the home mortgage market (increased capital available for lending), an investor's rate of principal repayment may be uncertain. If interest rates rise, homeowners will hold onto their original mortgages and the principal will be repaid more slowly.
Certificates of Amortized Revolving Debt (CARD)~ securities backed by credit card receivables. Certificates of Automobile Receivables (CAR)~ securities backed by automobile loan receivables.
The FHLMC purchases mortgages from federally insured financial institutions and resells them in the form of mortgage-backed, ~ certificates. 2. A security issued by the FHLMC secured by pools of conventional home mortgages.
Securitization The transfer of loans (ASSETS) of a homogeneous nature, from a lending institution to investors through an intermediary, by packaging them in the form of securities which are usually termed "~ SECURITIES".
AGAWAM AGCO Age admitted Age allowance Aged fail Agefi Agency Agency bank Agency basis Agency cost view Agency costs Agency incentive arrangement Agency ~s Agency problem Agency securities Agency theory Agenda de Inversiones, S.A.
Mortgage-backed securities, or ~s, are securities that represent a claim to proceeds from a pool of mortgages.
Lenders argue that the real estate attorney's fee, for example, is a ~ cost, not a cost of the lending. In effect, they are arguing that the attorney's fee is a separate transaction and not a part of the loan.
Since you can treat the LLC as a ~ entity, you will not be subject to double taxation as you could with a C corporation, but you can run your business deductions through it. This account will be your active trading account and will provide you with liquidity and asset protection.
Prepayment is the paydown of principal of a mortgage ~ in a given month that exceeds the amount of its scheduled amortization for that month. The rate of prepayment is therefore the excessive paydown in a given month as a percent of the outstanding principal at the beginning of the month.
Halfway between a corporation and a partnership, a limited liability company allows for ~ taxation and a less rigid structure of operating than a corporation. This entity could be an individual, partnership, or a corporation.
Securitization is the process of pooling various types of debt - mortgages, car loans, or credit card debt, for example - and packaging that debt as bonds, ~ securities, or collateralized mortgage obligations (CMOs), which are sold to investors.
The simplest mortgage backed security is a ~ MBS which simply distributes received interest and repayments of principal to the holders of the security, with a deduction for a servicing fee. This usually goes to the originator.
The sequence of events is: ...
In addition, a limited liability company may exempt the owners from certain ~ taxes that may be otherwise applicable. As such, a limited liability company may encompass qualities of both the partnership and a corporation.
S Corporation (Subchapter S of the Code): An incorporated business that is a "~" entity for tax considerations.
These investments can be very complicated. The most basic are called ~ participation certificates. They simply pay the holder their fair share of both principal and interest payments made on the mortgage bundle.
Drop The definition :
In a dollar roll transaction, the difference between the sale price of a mortgage-backed ~, and its repurchase price on a future date at a predetermined price.
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Government National Mortgage Association ("Ginnie Mae") A government-owned corporation that purchases mortgages and re-packages them as ~ securities. The holder of a ~ bond owns a portion of the underlying mortgages.
Direct Participation Program (DPP)
A business venture, usually organized as a limited partnership, that is structured to ~ income and "tax losses" of the underlying investments to investors. However, its use as a tax shelter has been severely reduced by tax legislation.
The term also refers to private label or agency securities, ~s, or derivatives such as Collateralized Mortgage Obligations. It can refer to the Over-the-Counter options on mortgage backed securities as well. These mortgage backed securities are viewed as either plain vanilla or exotic.
It's the total of wages, interest, dividends, capital gains (or up to $3,000 in losses), profit or loss from real estate or ~ entities (e.g., S corporation), pension income and certain other items less contributions to an IRA or Keogh plan, one-half of any self- employment income, ...
SUBRECIPIENT - A non-federal entity that expends federal awards received from a ~ entity to carry out a federal program, but does not include an individual that is a beneficiary of such a program.
Limited Liability Company (LLC)
A distinct type of business that offers an alternative to partnerships and corporations, by combining the corporate advantages of limited liability with the partnership advantage of ~ taxation (earnings are taxed only once) ...
See also: What is the meaning of Index, Transaction, Banks, Agency, Expense?