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Gnomes

What Does It Mean?
What Does Gnomes Mean?
The 15-year pass-through securities offered under Freddie Mac's cash program.
Investopedia Says
Investopedia explains Gnomes
Investors sell their mortgages through Freddie Mac's cash program. The 15-year mortgages sold to Freddie Mac form the pool of mortgages that back the securities referred to as gnomes.
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