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Hear this out loud PauseTypes of Mortgage-Backed Securities There are two common types of MBSs: pass-throughs and collateralized mortgage obligations (CMO). Pass-throughs: Pass-throughs are structured as trusts in which mortgage payments are collected and passed through to investors.
Hear this out loud PauseA mortgage pool is a group of mortgages held in trust as collateral for the issuance of a mortgage-backed security. Some mortgage-backed securities issued by Fannie Mae, Freddie Mac, and Ginnie Mae are known as pools themselves. These are the simplest form of mortgage-backed security.
Types of Mortgage-Backed Securities There are two basic types of mortgage-backed security: pass-through mortgage-backed security and collateralized mortgage obligation (CMO).
Hear this out loud PauseGovernment National Mortgage Association (Ginnie Mae) is a self-financing, wholly owned U.S. Government corporation within the Department of Housing and Urban Development. It is the primary financing mechanism for all government-insured or government-guaranteed mortgage loans.
What Is A Mortgage-Backed Security? A mortgage-backed security (MBS) is an investment secured by a collection of mortgages bought by the banks that issued them. Mortgage-backed securities are bought and sold on the secondary market.

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Types of Securitisation Asset-Backed Securities (ABS) Asset-backed securities are the primary categories of securitised assets. Residential Mortgage-Backed Securities (MBS) Commercial Mortgage-Backed Securities (CMBS) Collateralised Debt Obligations (CDO) Future Flow Securitisation. Advantages of Securitisation.
Hear this out loud PauseGinnie Mae I, or GNMA I MBS, is composed of mortgages that pay principal and interest on the fifteenth of every month, while the Ginnie Mae II, or GNMA II MBS, does the same on the twentieth of every month.
Most mortgages are securitized, meaning the loans are sold and pooled together to create a mortgage security that is traded in the capital markets for profit. Though these securitizations can take many different forms, they are generally referred to as mortgage-backed securities, or MBS.

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