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 ?
The latter consist of mortgages purchased and then sold to investors through our mortgage participation certificate (PC) program.
5 million multifamily mortgage participation certificate issued and guaranteed by the Federal Home Loan Mortgage Corporation having an aggregate principal balance of approximately $773.
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.
Additionally, IHDA has $192 million of risk-sharing debt outstanding in the form of mortgage participation certificates (MPCs), up from $111 million in the prior year.
Additionally, IHDA has $111 million of risk sharing debt outstanding in the form of mortgage participation certificates (MPCs), up from $87 million in the prior year.
The securities were issued in conjunction with the Federal Home Loan Mortgage Corporation Multifamily REMIC Mortgage Participation Certificates, Series 1762.