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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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 Freddie mac
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Whole loan
 
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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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