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.
Your assignment should be a minimum of 2 written pages and utilize APA formatting. In-text citations and a reference page should also be included.