Strip mortgage participation certificate
- Strip mortgage participation certificate
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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.
2012.
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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
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