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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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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

You are what you think. You are what you go for. You are what you do! Bob Richards

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