Mortgage-Backed Securities Clearing Corporation - Definition
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Mortgage-backed Securities Clearing Corporation Definition
Mortgage-Backed Securities Clearing Corporation is an organization that has the responsibility of overseeing transactions relating to mortgage-backed securities. MBSCC is an organization certified and recognised by the Securities and Exchange Commission (SEC). This organization confirms, posts and delivers all transactions relating to mortgage-backed securities. This also includes how MBSCC handles risk management or changes in mortgage pools particular to these transactions.
References for Mortgage-backed Securities Clearing Corporation