Problem
Pass-through securities are the primary mechanism for loan securitization. Summarize the creation of a Ginnie Mae (GNMA) pass-through security and explain its securitization process. Identify how such a securitization benefits a financial institution and any related risks that may be created through the securitization process.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.