Mortgage Pass-Through Security

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Mortgage Pass-Through Security
Refer: Passthrough. Creation of security by sale of share in a mortgage pool by one or more share holders. The earnings generated by the collateral pool are “passed through” in the form of monthly repayments both principal and interest to the security holder. Most secondary market MBSs are pass throughs.

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  1. Modified Pass-Throughs
  2. Mortgage Pool
  3. Collateralized Mortgage Obligation (CMO)
  4. Agency Pass-Throughs
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