Pass-through securities representing an undivided interest in a pool of residential mortgages.
Single class pass-through securities that are created by consolidating smaller PCs into larger Giant PCs.
Mortgage-backed securities representing an undivided interest in a pool of residential adjustable-rate mortgages (ARMs).
Customized mortgage structures created from mortgage pass-through securities by redistributing cash flows to cater to a variety of market demands.
Securities formed from Giant PCs of either Freddie Mac Gold PCs or GNMA certificates and generally represent the Interest-Only (IO) and Principal-Only (PO) cash flow components of a pool.