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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| 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. 8 million mortgage financed in the early 1990s that is secured by a Ginnie Mae pass-through certificate under which timely payment of principal and interest is guaranteed. |
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