Ginnie Mae pass-through(redirected from Ginnie Mae Pass Through Certificate)
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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved