GMC

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GMC

See: Guaranteed Mortgage Certificate

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 buy 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.

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Guaranteed Mortgage Certificates			The GMC could suspend or strike him off the medical register. Doctor 'paid his wife for a fake job' by Birmingham Mail (England) The GMC - the professional body which regulates doctors - took action against Mr Kashyap after receiving a letter of complaint from a locum orthopaedic surgeon at the hospital. Surgeon launches court bid to vindicate reputation by The Journal (Newcastle, England) The GMC has yet to decide whether a sanction will be imposed, and a hearing is scheduled for next month. Surgeon's appeal by Evening Chronicle (Newcastle, England)			Glamour Stock Glanders Glasnost Glass Ceiling Glass Insurance Glass-Steagal Act Glass-Steagall Act Glaubiger Global Bond Global Bonds Global Crossing Global Depositary Receipt Global Fund Global Investment Performance Standards Global Macro Strategy Global Registered Share Global Shares Globalisierung Globalizacao Globalizacion Globalization Globex Glossy Glut GM GMC GMD GN GNE GNF GNMA Midget GNMA-I GNMA-II Gnomes Gnomes of Zurich GNP GO Go Along Go around Go Galt Go Long Go Public Go Short Go to Go to Black Go-Go Fund GO-Zone Goal Gobierno societario Godfather Offer Godo Gaisha			GMBATU GMBC GMBD GMBDC GMBE GMBF GMBFH Gmbh Gmbh Gmbh Gmbh GMBHA GMBHG GMBIM GMBIS GMBK GMBL GMBM GMBMDOC GMBO GMBOA gMBP GMBS GMBSC GMBU GMBV GMBVA GMC GMC Software Technology GMC-CDMA GMCA GMCANA GMCC GMCCC GMCCI GMCCN GMCDA GMCDI GMCDP GMCE GMCF GmCFC GMCFS GMCG GMCH GMCHA GMCHC GMCHE GMCHP GMCHRC GMCHS GMCI

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