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Agency pass throughs

• Mortgage pass-through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association ( Ginnie Mae ), Federal Home Loan Mortgage Corporation ( Freddie Mac ) and Federal National Mortgage Association ( Fannie Mae ).

 
 Embedded terms in definition
 Agencies
Corporation
Federal home loan mortgage corporation
Federal national mortgage association
Freddie mac
Ginnie mae
Interest payments
Interest
Mortgage
Principal
Securities
 
 Related Terms
 

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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