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Glossary > G > "Guaranteed Mortgage Certificates (GMC)" Definition

Guaranteed Mortgage Certificates (GMC)

First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.

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Guaranteed Mortgage Certificates (GMC) - First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.

Guaranteed Mortgage Certificates (GMC) : first issued by freddie mac in 1975, g.m.c.s, like pcs, represent undivided interest in specified conventional whole loans and participations previously purchased by freddie mac.