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Investing Glossary:
Mortgage-Backed Securities Clearing Corporation (MBSCC)
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Mortgage-Backed Securities Clearing Corporation (MBSCC)
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| Definition: |
| "Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk Management and Pool notification services to the mortgage-backed securities market. The organization is a registered clearing Agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major Market participants Active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs.
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