pass-through is the original type of MBS structure. In a pass-through, investors own a pro rata claim to the cash flows from the pool of underlying mortgages. Each investor's pro rata share of interest and principal is remitted to the investor, "passed through" by an agent.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). pass-through. Retrieved September 23, 2026, from http://smartdefine.org/pass-through/definitions/1160228 |
| Chicago | Barry Goldsmith. 2010. "pass-through" http://smartdefine.org/pass-through/definitions/1160228 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, pass-through, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/pass-through/definitions/1160228>. |
| MLA | Barry Goldsmith. "pass-through" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/pass-through/definitions/1160228> |