Pass-through Securities
Undivided interests in pools of mortgages. The sponsoring organizations, for example, ...
Pass-through securities
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 pass-through security ...
Mortgage pass-through 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"), ...
Some are pass-through securities, with principal and interest repaid over the term of the loan. Still other issues are sold at discount, with interest included in the amount paid at maturity.
Mortgage pass-through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association (Ginnie Mae), ...
(2) For pass-through securities, the holder's coupon rate is the gross coupon of the underlying loans less servicing fees and any agency guarantee fees.
covariance ...
Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Certificates of Automobile Receivables (CAR)Pass-through securities backed by automobile loan receivables.
Pass-through securities backed by credit card receivables. Carry Related:net financing cost. Carring costs Costs that increase with increases in the level of investment in current assets. Carrying value Book value.
Gnomes Freddie Mac's 15-year fixed-rate pass-through securities issued under its cash program. Go along Used for listed equity securities.
gnomes Slang for the Federal Home Loan Mortgage Corporation's 15-year fixed-rate pass-through securities. GNP Acronym for Gross National Product, which refers to the total value of all final...
[OTS] agency pass-throughs Mortgage pass-through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association (' Ginnie Mae '), ...
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 "PASS-THROUGH SECURITIES".
government, on mortgage pass-through securities backed by federally insured or guaranteed mortgage loans. It does not issues mortgage-backed securities in its own name.
Also called average life or weighted average life and used in mortgage-backed Pass-Through Securities meaning the weighted-average time to the return of a dollar of principal.
When a corporation or government agency buys loans from lenders to pool and package as securities for resale to investors, the products may be pass-through securities.
There are two basic types: pass-through securities, in which the principal and interest paid by the holders of the mortgages are distributed to investors through a government agency or other intermediary; ...
Pass-through securities issued by Freddie Mac, Fannie Mae and Ginnie Mae trade in the TBA market.
Pass-through securities backed by credit card receivables. Certificates of Automobile Receivables (CAR)
Pass-through securities backed by automobile loan receivables.
Certificateless municipals ...
A bond backed by a pool of mortgage pass-through securities or mortgage loans, which generally supports several classes of obligations.
Collar
Upper and lower limits (cap and floor, respectively) on the interest rate of a floating-rate security.
DOLLAR ROLL - A short-term funding technique used for mortgage pass-through securities. A seller of a r...
DOLLAR SAFETY MARGIN - The dollar equivalent of the safety cushion for a portfolio in a contingent immu...
Mortgage Association (FNMA) or the Student Loan Marketing Association (SLMA) buy various types of debt-such as mortgages or student loans-from lenders and package them as securities for resale to investors, they create pass-through securities.
Specifies the permitted minimum or maximum quantity of securities that can be delivered to satisfy a TBA trade. For Ginnie Mae, Fannie Mae, and Freddie Mac pass-through securities, the accepted variance is plus or minus 2.
A security backed by a pool of pass-through rates , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire ...
A type of mortgage backed security that creates separate pools of pass-through rates for different classes of bondholders with varying maturities, called tranches. The repayments from the pool of pass-through securities are used to retire the bonds ...
Government National Mortgage Association ("Ginnie Mae") A government-owned corporation that purchases mortgages and re-packages them as pass-through securities. The holder of a pass-through bond owns a portion of the underlying mortgages.
For Ginnie Mae, Fannie Mae, and Freddie Mac pass-through securities, the accepted variance is plus or minus 2.499999 % per million of the par value of the TBA quantity.
The MBS securities in the CREF Bond Market Account are pass-through securities. mortgage bond A corporate bond that is secured by a lien on all or a portion of the fixed property of the issuing company.
 See also: Pass-through, Banks, Expense, Prepayment, Prepayments
  
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