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Guarantor/swap program

• Freddie Mac takes a pool of mortgages from an originator and gives a PC that is backed by the mortgages in that pool. By doing so, the originator gets the Freddie Mac guarantee and Freddie Mac gets a fee (the difference between the cash flow from the mortgage pool and the payments promised to the originator).

 
 

Follow this link for all the terms related to swap.

 
 Embedded terms in definition
 Cash flow
Cash
Freddie mac
Mortgage
Pool
 
 Related Terms
 Gold mbs program
Guarantor program
Planned capital expenditure program
Planned financing program
Program trades
Program trading

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