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Ginnie Mae Pass-Through

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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.


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The return on Ginnie Mae pass-through securities provides a good estimate of the safe rate for mortgage securities.
Of the remaining one-third of the portfolio, 44 of the properties are insured under the FHA risk-sharing program, eight are insured by FHA, one is secured by a Ginnie Mae pass-through certificate, and one is secured by a Fannie Mae pass-through certificate.
Of the remaining one-third of the portfolio, 36 of the properties are insured under the FHA risk-sharing program, six are insured by FHA, one is secured by a Ginnie Mae pass-through certificate, and one is secured by a Fannie Mae pass-through certificate.
 
 
 
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