An agency pass-through that guarantees timely interest payments, and principal payments as collected, but no later than a specified time after they are due.
Related information about modified pass-through:
- Modified Pass-Through Certificate Definition | Investopedia
A fixed-income security that passes through an undivided interest in a pool of mortgages. Modified pass-through certificates are backed by federal loans of ...
- What is modified pass-through? definition and meaning
Definition of modified pass-through: An agency pass-through that guarantees timely interest payments, and principal payments as collected, but no later than a ...
- MSHDA - Modified Pass-Through Program
Modified Pass-Through Program. Section 44c of P.A. 346 of 1966, as amended, ( the "Act") (MCL 125.1401 et seq.) allows the Authority to issue bonds to finance ...
- Modified Pass-Through Certificate: Definition from Answers.com
Modified Pass-Through Certificate Security that represents an undivided interest in pools of mortgages, backed by federally guaranteed loans of the same.
- Fully Modified Pass-Throughs financial definition of Fully Modified ...
A pass-through security is backed by assets or debt; in a fully modified pass- through security, a government agency reduces the risk of default to the ...
- About Ginnie Mae
Ginnie Mae MBS are fully modified pass-through securities guaranteed by the full faith and credit of the United States government. Regardless of whether the ...
- appendix xii-8 board of governors - Ginnie Mae
are of two types: (1) “straight pass-through” and (2) “modified pass-through.” Under the ... All payments of principal and interest on the modified pass-through ...
- Guaranteed REMIC Pass-Through Securities
Each Trust will be comprised primarily of (i) "fully modified pass-through" mortgage-backed certificates as to which Ginnie Mae has guaranteed the timely ...