Agency pass-throughs

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Agency pass-throughs

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Agency Pass-Throughs

Mortgage-backed pass-through securities with principals and interest guaranteed by a U.S. Government agency. A pass-through security is backed by assets or debt; in an agency pass-through security, a government agency reduces the risk of default to the pass-through holder by guaranteeing payment. Ginnie Mae makes most of these guarantees, but Freddie Mac and Fannie Mae do as well.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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