MBSCC


Also found in: Acronyms.

MBSCC

MBS Clearing Corporation

A clearing corporation for transactions involving mortgage-backed securities. That is, it settles MBS transactions and ensures that the appropriate securities change hands and that all of the correct parties are paid the correct amount. It was established in 1979.

MBSCC

References in periodicals archive ?
The MBSCC's move away from a sole focus on seniors was partly prompted by a city government policy in the late 1980s to house homeless families in rehabilitated once-abandoned buildings.
Instead of fighting the policy, MBSCC decided to look at the broader issues of poverty and neighborhood sustainability.
Clearly, the industry has given up float incrementally since the inception of the MBSCC. Even though about 40 percent of all issuers have voluntarily agreed to wire their GNMA I remittances to the PTC on the 15th of the month or have the funds debited, the impending mandatory ACH debit will still have a dramatic impact on a large number of issuers.