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mortgage participation certificate

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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.
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The Gold STANDARD Two thousand lenders, a growing base of institutional investors and half a million homeowners have benefited from Freddie Mac's Gold Cash(SM) and Gold Mortgage Participation Certificates (Gold PC(SM)) since Freddie Mac introduced the mortgage purchase and pass-through security programs one year ago.
The gold standard by Andrukonis, David / Mortgage Banking
The latter consist of mortgages purchased and then sold to investors through our mortgage participation certificate (PC) program.
Mark-to-market: Freddie Mac's fourth financial statement by Levites, Jim B. / Journal of Accountancy
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.
Fitch Affirms Illinois Housing Development Authority's GOs at 'A+' by Business Wire
 
 
 
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