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 Glossary   >   S   >   "Strip mortgage participation certificate (strip PC)" Definition   

        Strip mortgage participation certificate (strip PC)

Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for strip PCs representing interests in the same mortgages.

Strip mortgage participation certificate (strip PC)


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Strip mortgage participation certificate (strip PC) - Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for strip PCs representing interests in the same mortgages.


Strip mortgage participation certificate (strip PC) : ownership interests in specified mortgages purchased by freddie mac from a single seller in exchange for strip pcs representing interests in the same mortgages.