pass-through certificates


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Pass-Through Security

A derivative security representing the receivables on some debt. That is, a shareholder of a pass-through security is entitled to a portion of the income from the debt. Generally, a pass-through security has a large number of debts underlying it; for example, a pass-through may represent a portion of several hundred car loans. The most common type of pass-through is a mortgage-backed security.

pass-through certificates (or securities)

Interests in a pool of mortgages sold to investors.

References in periodicals archive ?
s commercial mortgage pass-through certificates series 1995-D1.
Morgan Mortgage Acquisition Corp, asset-backed pass-through certificates, series 2006-WMC3, which closed on Sept.
NEW YORK -- GE-WMC asset-backed pass-through certificates, series 2006-1, which closed on Aug.
Concurrently, ratings are affirmed on various classes of mortgage pass-through certificates from the same issuers (see list).
Mortgage Loan Trust 1998-1's (AMRESCO 1998-1) class B-1F mortgage loan pass-through certificates to 'D' from triple-'C'.
Mortgage Pass-Through Certificates, Series 2006-WMC2, which closed on June 28, 2006 as follows:
NEW YORK -- Standard & Poor's today lowered its ratings on the class B and C certificates of CNC Pass-Through Certificates Series 1994-1; the ratings remain on CreditWatch with negative implications, where they were placed on Jan.
Standard & Poor's Ratings Services today lowered its rating on class D of Four Times Square Trust's commercial mortgage pass-through certificates series 2000-4TS to 'D' from 'BBB'.
s commercial mortgage pass-through certificates guaranteed commercial mortgage loan (Centre/Shore Club Hotel) series 2001-ZC-1 to double-'A'-minus from double-'A' (see list).
Standard & Poor's)--Standard & Poor's Ratings Services today lowered its ratings on classes K, L, M, and N of First Union National Bank Commercial Mortgage Trust's commercial mortgage pass-through certificates series 2000-C2.
NEW YORK -- Standard & Poor's today placed its double-'A' rating on the class A-3 certificates of Conseco Commercial Mortgage Trust I's series 1989-1 commercial mortgage pass-through certificates on CreditWatch with negative implications.
68 billion commercial mortgage pass-through certificates series 2003-2 (see list).