A security holding partial ownership within a pool of other partial mortgage owners. These other mortgages are owned by a federally insured mortgage holder, like Freddie Mac. Also known as pass-through security.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A security holding partial ownership within a pool of other partial mortgage owners. These other mortgages are owned by a federally insured mortgage holder, like Freddie Mac. Also known as pass-through security.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.