Mortgage Participation Certificate
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Definition of 'Mortgage Participation Certificate'
A type of security that groups together Freddie Mac conventional mortgages. These certificates are guaranteed by Freddie Mac and are taxable by federal, state and the local government. These certificates are also referred to as "pass-through" because the interest and principal payments are periodically passed through to investors from debtors after service fee deductions.
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Investopedia explains 'Mortgage Participation Certificate'
These securities tend to have short maturities. Private lenders group these loans together and sell them to investors. Freddie Mac issues, trades, replaces and collects matured mortgage participation certificates. A Multifamily K certificate is an example of these securities. Multifamily K certificates are structured pass-through securities that are guaranteed by Freddie Mac and have a structured credit enhancement, but are backed by multifamily mortgage loans.
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Search results for 'Mortgage Participation Certificate'
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http://www.investopedia.com/articles/06/mortgagebackedsecurities.asp
... ß ß Individuals invest in mortgage pools. Types of MBS Pass-Through The pass-through
or participation certificate represents direct ownership in a pool of ...
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http://www.investopedia.com/articles/pf/12/concurrent-enrollment.asp
... Because high school students earn college credit, participation in the programs
can significantly ... which is equivalent to an associate degree or a certificate. ...
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http://www.investopedia.com/exam-guide/series-7/equities/equity-term.asp
... you invested. A stock certificate is a formal document stating you own a
certain block of shares of stock of a company. It includes ...
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http://www.investopedia.com/exam-guide/series-7/securities-transactions/executing-trades.asp
... 3.10 Direct Participation Programs (DPPs); 3.11 Special ... 4.8 Treasury STRIPS; 4.9
Collateralized Mortgage Obligations (CMOs ... This means that a certificate has been ...
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http://www.investopedia.com/exam-guide/series-7/customer-accounts/closing-account.asp
... 3.10 Direct Participation Programs (DPPs); 3.11 Special ... 4.8 Treasury STRIPS; 4.9
Collateralized Mortgage Obligations (CMOs); ... in the form of a death certificate. ...
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http://www.investopedia.com/exam-guide/series-7/municipal-securities/issuing-munis.asp
... 3.10 Direct Participation Programs (DPPs); 3.11 Special ... Treasury STRIPS; 4.9
Collateralized Mortgage Obligations (CMOs ... were issued mostly in certificate form ...
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