Mortgage pass-through security - Also called a passthrough, 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 security holder as monthly payments of principal, interest, and prepayments. This is the predominant type of M.B.S. traded in the secondary market.
Mortgage pass-through security : also called a passthrough, 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 security holder as monthly payments of principal, interest, and prepayments. this is the predominant type of m.b.s. traded in the secondary market.
Mortgage pass-through security