Participation certificates

• The pass-throughs issued by Freddie Mac (Federal Home Loan Mortgage Corp.) are referred to as Participation Certificates (PCs).

 Embedded terms in definition
 Freddie mac
 Related Terms
 Gmcs guaranteed mortgage certificates
Money market certificates
Negotiable certificates of deposit
Strip mortgage participation certificate strip pc

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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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