Mortgage-Backed Securities Clearing Corporation – Definition

Cite this article as:"Mortgage-Backed Securities Clearing Corporation – Definition," in The Business Professor, updated June 2, 2019, last accessed August 14, 2020, https://thebusinessprofessor.com/lesson/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

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