Ginnie Mae certificates are known as:

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Multiple Choice

Ginnie Mae certificates are known as:

Explanation:
Ginnie Mae certificates are a form of mortgage-backed security that carries a government guarantee. They come from pools of FHA/VA loans, and the payments from borrowers are passed through to investors each month, after accounting for servicing and the guarantee. This pass-through cash flow with the government guarantee is described as a modified pass-through structure, which is the standard label for GNMA securities. They aren’t debentures (unsecured corporate debt) or revenue bonds (municipal bonds backed by specific revenues). While they are mortgage-backed, the precise term used for GNMA issues is the modified pass-through certificate.

Ginnie Mae certificates are a form of mortgage-backed security that carries a government guarantee. They come from pools of FHA/VA loans, and the payments from borrowers are passed through to investors each month, after accounting for servicing and the guarantee. This pass-through cash flow with the government guarantee is described as a modified pass-through structure, which is the standard label for GNMA securities. They aren’t debentures (unsecured corporate debt) or revenue bonds (municipal bonds backed by specific revenues). While they are mortgage-backed, the precise term used for GNMA issues is the modified pass-through certificate.

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