Gmcs guaranteed mortgage certificates
	• First issued by Freddie Mac in 1975, GMCs, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.
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	Embedded terms in definition
	Freddie mac Interest Whole loan
	Related Terms
	Adjustable rate mortgage Alternative mortgage instruments Assumable mortgage Assumption of mortgage Closed end mortgage Collateralized mortgage obligation Collateralized mortgage obligations Conventional mortgage Federal home loan mortgage corporation Federal national mortgage association Government national mortgage association gnma or ginnie mae Graduated payment mortgage Guaranteed insurance contract Guaranteed investment contract Guaranteed investment interest contract Money market certificates Mortgage Mortgage backed securities Mortgage backed securities clearing corporation Mortgage backed securities hedge funds Mortgage bond Mortgage duration Mortgage pass through securities Mortgage pass through security Mortgage pipeline Mortgage pipeline risk Mortgage rate Mortgage tax Negotiable certificates of deposit Open end mortgage Participation certificates Real estate mortgage investment conduit Remic real estate mortgage investment conduit Reverse mortgage Strip mortgage participation certificate strip pc Stripped mortgage backed securities Stripped mortgage backed securities smbss Wholesale mortgage banking

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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