mortgage participation certificate

mortgage participation certificate

A pass-through security that represents ownership in a pool of conventional mortgages put together by Freddie Mac. Principal and interest on the certificates are guaranteed by Freddie Mac and the income is subject to federal, state, and local taxation. See also pass-through security.
References in periodicals archive ?
17, 2011 /PRNewswire/ -- Freddie Mac (OTC: FMCC) announced today that it will begin securitizing certain mortgage loans that previously were delinquent and that the company had purchased from its related Mortgage Participation Certificate (PC) pools.
The latter consist of mortgages purchased and then sold to investors through our mortgage participation certificate (PC) program.
com/investors/volsum, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management and delinquencies, including data on seriously delinquent mortgage loans in related mortgage Participation Certificate (PC) pools.
7, 2010 /PRNewswire/ -- Freddie Mac (OTC Bulletin Board: FMCC) announced today that it expects to begin providing on a monthly basis pool-level delinquency disclosures on its single-family Mortgage Participation Certificate (PC) and Giant PC securities.
5 million multifamily mortgage participation certificate issued and guaranteed by the Federal Home Loan Mortgage Corporation having an aggregate principal balance of approximately $773.
com/investors/volsum, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management and delinquencies, including data on mortgage loans 120 days or more delinquent in mortgage Participation Certificate (PC) pools.
Freddie Mac announced today that, as part of its ongoing review of its mortgage participation certificate (PC) disclosure practices, it will implement enhancements for all PC pools beginning in July 2004.
IHDA has $155 million of risk-sharing debt outstanding in the form of mortgage participation certificates (MPCs), increasing slightly from $150 million in 2009.
IHDA has $262 million of risk-sharing debt outstanding in the form of mortgage participation certificates (MPCs), up again from $256 million in the prior year.
IHDA has $256 million of risk-sharing debt outstanding in the form of mortgage participation certificates (MPCs), up from $232 million in the prior year.
Additionally, IHDA has $223 million of risk sharing debt outstanding in the form of mortgage participation certificates (MPCs), up from $192 million in the prior year.
13 /PRNewswire/ -- Freddie Mac (OTC Bulletin Board: FMCC) today announced that its mortgage-related investments portfolio, also known as the company's retained portfolio, will form Giant Mortgage Participation Certificates (Giant PCs) from its holdings of Mortgage Participation Certificates (PCs).