Which one of the following is defined as bonds which represent a claim on the cash flows of an underlying pool of mortgages which flow through to bondholders?

Question

Quizplus · Accepted Answer

Mortgage passthroughs represent a claim on the cash flows of an underlying pool of mortgages, with the payments passing through to bondholders. Mortgage bonds and mortgage certificates may also be backed by mortgages, but they may not necessarily represent a claim on a pooling of mortgages, and their cash flows may not passthrough directly to bondholders. Collateralized securities and mortgage collaterals are not specific terms related to mortgage-backed securities.

Which One of the Following Is Defined as Bonds Which