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Mortgage pass-through security

Definition: [crh] 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 Definition: in the pool. The cash flow from the collateral pool is "passed through" to the security holder as moDefinition: nthly payments of principal, interest, and prepayments. This is the predominant type of MBS traded in the secondary market.

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