production rate

Production rate

The coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued.

Production Rate

The highest interest rate payable on mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae). The current production rate is usually half a point less than what the homeowners are paying in interest on their mortgage. For example, if homeowners whose mortgages back the securities are paying 6% on their mortgages, the maximum interest payable is almost always 5.5%. See also: Ginnie Mae Pass-Through.

production rate

The coupon rate of interest at which pass-through securities issued by Ginnie Mae are issued. The production rate is set 0.5% below the maximum rate permitted on residential mortgages that are insured by the Federal Housing Administration. See also Ginnie Mae pass through.

单词	production rate
释义	production rate Production rate The coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued. Production Rate The highest interest rate payable on mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae). The current production rate is usually half a point less than what the homeowners are paying in interest on their mortgage. For example, if homeowners whose mortgages back the securities are paying 6% on their mortgages, the maximum interest payable is almost always 5.5%. See also: Ginnie Mae Pass-Through. production rate The coupon rate of interest at which pass-through securities issued by Ginnie Mae are issued. The production rate is set 0.5% below the maximum rate permitted on residential mortgages that are insured by the Federal Housing Administration. See also Ginnie Mae pass through.
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