A bailout is an emergency action taken by the federal government to provide financial assistance to prevent the failure of a specific private or quasi-private entity. This assistance often comes in the form of loans, grants, or government purchase of an equity position.
A Ginnie Mae Pass Through is a pass-through certificate secured by a pool of mortgage loans insured by the Government National Mortgage Association (Ginnie Mae), an arm of the federal government. These securities often provide high yields with security to investors, though returns may be affected by the pattern of loan repayments on the mortgages in the pool.
A quasi-governmental organization that is privately owned but was created by the government and retains certain privileges not afforded to entirely private entities.
