GMC

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GMC

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
And yet Maldon retains the plot structure and style of traditional poetry which had been used by the Anglo-Saxons for the very purpose of "celebrat[ing] the legendary heroes of their great Germanic past."(13) It cultivates a full repertoire of traditional devices: the alliterative long line; the specialized idiom of martial synonyms, compounds, and phrasal formulae; conventional motifs, speeches and type-scenes.(14) In addition, Maldon celebrates the antique ethos of loyalty to lord and honorable death against odds which has been traced back to the first-century AD.
All this is less than convincing, and fails to give adequate grounds for Amory's conclusion that the Ostrogoths `brought nothing new [to Italy]--Arianism, Germanic names and military dress having been there before' (313).
Further: "The disparity between Germanic and early Christian world-views .
It is almost unimaginable how the Germanic peoples would have become Christian without the Old Testament and the interpretations it allowed.
“Dan's experience owning and managing a successful and well-known production business here in the Valley, along with his Germanic background and his energy and enthusiasm for the project made him a perfect choice to spearhead AC4GC's inaugural Zeitgeist Medien International Film Festival,” says Bollmann.
On top of this Celtic layer were added the Latin of the Romans and the Germanic language of the Angles who settled here.
As for the Romans having slaughtered and enslaved the English she is again utterly in error since the English didn't exist and, in fact, arrived as a Germanic race (Anglo-Saxons) in the 5-7th centuries when the Romans had long since departed out of necessity to defend a crumbling empire, and the new arrivals gradually developed into the English race of today after many centuries having altered the Germanic tongue to the present.
Now the Newcastle Musical Theatre Company is looking for actors to play Max Bialystock and Leo Bloom and their blonde Germanic secretary, Ulla.
Gilbertus shows 8 cases of postponed Germanic adjectives out of a total of 379 Germanic tokens.
Andrew McDonald examine the legends and lore of famous swords in medieval Germanic, Norse, Celtic and English literature, and how Tolkien adapted and added to this rich history in The Hobbit and The Lord of the Rings.
The research, led by the University College London, aims to explain the high number of Germanic male line ancestors found in modern day England.