Private label pass throughs
The financial definition for Private label pass throughs:
Related: Conventional pass-throughs.
Conventional pass throughsConventional pass throughs
Also called private-label pass-throughs, any mortgage pass-through security not guaranteed by government agencies. Compare agency pass-throughs.
Fully modified pass throughsFully modified pass throughs
Agency pass-throughs that guarantee the timely payment of both interest and principal. Related: Modified pass-throughs.
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