This section allows cross-market comparisons.
Glossary Definition
Mortgage Pass-Through Securities

A security created when one or more mortgage holders form a collection (pool) of mortgages as collateral and sell shares or certificates of participation 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 MBS traded in the secondary market.