ginnie mae pass through
1Ginnie 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. Bloomberg Financial Dictionary …
2Ginnie Mae — 1) Colloquial US name for the Government National Mortgage Association (GNMA). 2) Colloquial US name for a mortgage supported bond issued by the Government National Mortgage Association. A Ginnie Mae pass through is a bond backed by mortgages… …
3Pass-Through Certificates — (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass through structure as a means of diversifying the asset pool and/or increasing… …
4Ginnie Mae — See:Government National Mortgage Association. The New York Times Financial Glossary An informal name for the Government National Mortgage Association ( GNMA) or for securities issued by it. American Banker Glossary ( Government National Mortgage… …
5Ginnie Mae - Government National Mortgage Association - GNMA — A U.S. government corporation within the U.S. Department of Housing and Urban Development (HUD). Ginnie May aims to: 1. Ensure liquidity for government insured mortgages, including those insured by the Federal Housing Administration (FHA), the… …
6Pass-Through Certificate — Fixed income securities that represent an undivided interest in a pool of federally insured mortgages put together by the Government National Mortgage Association (Ginnie Mae). Mortgage backed certificates are the most common type of pass through …
7Agency pass-throughs — Mortgage pass through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association ( Ginnie Mae ), Federal Home Loan Mortgage Corporation ( Freddie Mac ) and Federal… …
8agency pass-throughs — mortgage pass through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association ( Ginnie Mae), Federal Home Loan Mortgage Corporation ( Freddie Mac), and …
9Real Estate Mortgage Investment Conduit — Real Estate Mortgage Investment Conduits, or REMICs, are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage backed securities. They are defined under the United States Internal Revenue Code (Tax… …
10Adjusted Exercise Price — 1. An option s strike price after adjustments have been made for stock splits to its underlying security. 2. A term used to describe the strike prices for options written on Ginnie Mae pass through certificates. 1. Anytime changes occur on… …
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