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Mortgage pass through security

• Also called a pass-through, a security created when one or more mortgage holders form a collection (pool) of mortgages sells shares or participation certificates in the pool. The cash flow from the collateral pool is passed through to the security holder as monthly payments of principal, interest, and prepayments. This is the predominant type of MBS traded in the secondary market.

 
 

Follow this link for all the terms related to mortgagesecurity.

 
 Embedded terms in definition
 Cash flow
Cash
Collateral
Interest
Market
Mortgage
Participation certificates
Participation
Pool
Prepayments
Principal
Secondary market
Security
Shares
Type
 
 Related Terms
 
Adjustable rate mortgage
Agency pass throughs
Alternative mortgage instruments
Asset backed security
Assumable mortgage
Assumption of mortgage
Bearer security
Bullet loan or security
Cash commodity or security
Cash equivalent security
Closed end mortgage
Collateralized mortgage obligation
Collateralized mortgage obligations
Conventional mortgage
Conventional pass throughs
Convertible security
Debt security
Derivative security
Exchangeable security
Federal home loan mortgage corporation
Federal national mortgage association
First pass regression
Fixed dollar security
Flow through basis
Flow through method
Fully modified pass throughs
Gmcs guaranteed mortgage certificates
Gnma pass through certificate
Government national mortgage association gnma or ginnie mae
Government security
Government security dealer
Graduated payment mortgage
Host security
Hybrid security
Modified pass throughs
Monthly income preferred security
Mortgage
Mortgage backed securities
Mortgage backed securities clearing corporation
Mortgage backed securities hedge funds
Mortgage bond
Mortgage duration
Mortgage pass through securities
Mortgage pipeline
Mortgage pipeline risk
Mortgage rate
Mortgage tax
Municipal security
Open end mortgage
Pass through
Pass through coupon rate
Pass through rate
Pass through securities
Pass throughs
Payable through draft
Primitive security
Private label pass throughs
Private pass throughs
Real estate mortgage investment conduit
Remic real estate mortgage investment conduit
Reverse mortgage
Second pass regression
Security
Security agreement
Security analyst
Security characteristic line
Security deposit initial
Security deposit maintenance related
Security market line
Security market plane
Security selection
Security selection decision
Social security
Strip mortgage participation certificate strip pc
Stripped mortgage backed securities
Stripped mortgage backed securities smbss
Underlying security
Variable price security
Wholesale mortgage banking

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