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Midgets

 

Popular name for 15-year Government National Mortgage Association (Ginnie Mae) pass-through securities collateralized by pools of biweekly mortgages. As with 30-year Ginnie Mae pass-through securities, midget pools have a minimum principal of $1 million.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more