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

Financial and business terms. 2012.

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  • 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 …   Financial and business terms

  • pass-through — The original type of MBS structure. In a pass through, 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,… …   Financial and business terms

  • Pass-Through Security — A pool of fixed income securities backed by a package of assets. A servicing intermediary collects the monthly payments from issuers, and, after deducting a fee, remits or passes them through to the holders of the pass through security. Also… …   Investment dictionary

  • Pass-Through Rate — 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. The pass through rate (also known as the… …   Investment dictionary

  • Pass-Through Certificate — Fixed income securities that represent an undivided interest in a pool of federally insured mortgages put together by the Government National Mortgage Association (Ginnie Mae). Mortgage backed certificates are the most common type of pass through …   Investment dictionary

  • pass-through rate — The net amount of interest paid to investors owning mortgage backed securities after all servicing and guarantee fees are deducted. American Banker Glossary The net interest rate passed through to investors after deducting servicing, management,… …   Financial and business terms

  • Mortgage Pass Through Security — Ein Mortage Pass Through (MPT) Security ist ein Typ spezieller Anleihen. Es handelt sich dabei um einen Pool für mehrere Darlehen, die alle mit der Möglichkeit eines Prepayment ausgestattet sind. Prepayment bezeichnet ein individuelles… …   Deutsch Wikipedia

  • Securities analysts — Related:financial analysts Securitization The process of creating a passthrough, such as the mortgage pass through security, by which the pooled assets become standard securities backed by those assets. Also, refers to the replacement of… …   Financial and business terms

  • 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 ), Federal Home Loan Mortgage Corporation ( Freddie Mac ) and Federal… …   Financial and business terms

  • 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), Federal Home Loan Mortgage Corporation ( Freddie Mac), and …   Financial and business terms


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