Ginnie Mae pass-through

(redirected from Ginnie Mae Pass-Throughs)

Ginnie Mae pass-through

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.

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.
References in periodicals archive ?
Both the owner-financed mortgage and the Ginnie Mae pass-throughs are fully amortized debt, collateralized by real property.
Because of the government guarantee, the risk of default on the Ginnie Mae pass-throughs is similar to the default risk on U.
This present value is an estimate of the value of the mortgage assuming it has the same degree of marketability as a Ginnie Mae pass-through.