Private Sector Pass Throughs | Through | Definition

Private Sector Pass Throughs

Private Sector Pass Throughs | Definition

Non-governmental mortgage-backed securities issued by institutions such as the Bank of America; First Federal Savings & Loan Association of Chicago; and Glendale Federal Savings & Loan Association, Glendale, CA. Some of these are privately guaranteed.

According to a report by First Boston, pool quality of private sector mortgage pass-throughs depends on whether or not the loans are first mortgage loans, the type of mortgage property, whether the home is owner-occupied, whether the mortgages are fixed-rate or of a variable type, the life of the mortgages, where the mortgages are located, and a number of other factors.

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