GMC


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GMC

Guaranteed Mortgage Certificate

A mortgage-backed security issued by Freddie Mac. As with all mortgage-backed securities, the coupons on guaranteed mortgage certificates are paid out of the principal and interest on a pool of mortgages underlying the securities. However, GMCs have a guaranteed average life, meaning that Freddie Mac protects the investor from prepayment risk by guaranteeing principal and interest payments in the event that too many mortgage holders pay back their loans early, depriving the pool of interest it otherwise would have received. See also: collateralized mortgage obligation.
References in periodicals archive ?
While it is hard to make a mistake with any one of the GMC models, the Terrain is an immensely popular compact family SUV offering a combination of safety, comfort and convenience along with some exceedingly popular features.
Second best year of volume sales for GMC since the brand launched in Mexico in 2006 (second only to 2016)
We wanted to celebrate the coming of Ramadan with a campaign for our customers, and we believe that we are offering great deals on GMC.
The guidance does say that doctors should try first to raise their concerns in their workplace, but can then go to the GMC or another regulator.
Everett's Bryant store sold more Buick and GMC vehicles last year than any other dealership in the country.
Chevrolet and GMC pickup truck owners in the Middle East are very niche and loyal customers, many of whom like to express themselves by personalizing their vehicles.
In January, the GMC ruled Dr Wakefield "showed a callous disregard" for the suffering of children and subjected some youngsters to unnecessary tests.
GMC is now currently under threat from being binned despite the fact that GMC is the second most successful light vehicle division in America after the Chevrolet brand.
The future of GMC is being discussed this week as GM meets with officials of President Barack Obama's automotive task force, which is overseeing the company's restructuring, the paper said.
The motion, signed by 32 members of the college, lists eight areas of "grave concern", and urges the GMC to initiate a review of its policy on child protection.
Abu Khader Automotive, GMC dealer in Jordan, brought together the worlds of fashion, automotive design and entertainment this week at a lavish reception at Action Target to reveal the highly-anticipated, all-new GMC Acadia, the brand's first luxury crossover Sport Utility Vehicle (SUV).
He must also keep in touch with a mentor while the GMC looks at the evidence put against him.