|
Mortgage pass-through security : |
|
Also called a pass-through, a security created when one or more mortgage holders form a collection (pool) of mortgages and sells shares or participation certificates in the pool. The cash flow from the collateral pool is "passed through" to the securityholder as monthly payments of principal, interest, and prepayments. This is the predominant type of MBS traded in the secondary market.
|
| |
|
|
|
 |
NSD Utilities - Dictionaries |
|
|
| | The information contained in this communication is intended solely for the use of the individual or entity to whom it is addressed and others authorized to receive it. It may contain confidential or legally privileged information. If you are not the intended recipient you are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by responding to this email and then delete it from your system. NSD is neither liable for the proper and complete transmission of the information contained in this communication nor for any delay in its receipt. | |
|
