There are public issuers of mortgage pass-through securities that are explicitly or implicitly guaranteed by the U.S. government; these securities are called nonagency pass-through securities.

Name: There are public issuers of mortgage pass-through securities that are explicitly or implicitly guaranteed by the U.S. government; these securities are called nonagency pass-through securities.
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Nonagency pass-through securities are not explicitly or implicitly guaranteed by the U.S. government.

There Are Public Issuers of Mortgage Pass-Through Securities That Are