Ginnie Mae pass-through(redirected from Ginnie Mae Pass-Throughs)
Ginnie Mae pass-through
Ginnie Mae Pass-Through
Mortgage-backed pass-through securities with principals and interest guaranteed by Ginnie Mae. A pass-through security is backed by assets or debt; in a Ginnie Mae pass-through security, Ginnie Mae reduces the risk of default to the pass-through holder by guaranteeing payment. It is the most common agency pass-through security.