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.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Strip mortgage participation certificate — strip PC Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages. Bloomberg Financial Dictionary … Financial and business terms
Participation Certificate — These US certificates represent an interest in mortgage loans. The buyer receives the cash flows and is the owner, but the seller remains the mortgagee of record. In Switzerland, a participation certificate is a non voting form of equity… … Financial and business terms
Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security … Wikipedia
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
Participation mortgage — A participation mortgage or participating mortgage is a mortgage, or sometimes a group of them, in which two or more persons have fractional equitable interests. In this arrangement the lender, or mortgagee, is entitled to share in the rental or… … Wikipedia
Participation Mortgage — A participation mortgage is a type of mortgage that allows the lender to share in part of the income or resale proceeds. The lender participates in the income of the mortgaged property beyond a fixed return, or receives a yield on the loan in… … Investment dictionary
certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… … Black's law dictionary
mortgage certificate — Document evidencing participation in a large mortgage held by the mortgagee for the benefit of the certificate holders … Black's law dictionary
Real Estate Mortgage Investment Conduit — Real Estate Mortgage Investment Conduits, or REMICs, are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage backed securities. They are defined under the United States Internal Revenue Code (Tax… … Wikipedia
Разделенный ипотечный сертификат участия — в США право на долю участия в ипотечных кредитах, приобретенных Федеральной корпорацией жилищного ипотечного кредита у независимых продавцов в обмен на разделенные ипотечные сертификаты участия, представляющих долю участия в тех же ипотечных… … Финансовый словарь