Business and Personal Finance Dictionary

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• MULTI-CLASS STRUCTURED SECURITIZATIONS
  
  Reflects activity where Freddie Mac has resecuritized PCs and other previously issued mortgage-related securities into securities that divide the cash flows of the underlying collateral into two or more classes that meet the investment criteria and portfolio needs of different types of investors. Our principal activity here is the issuance of securities that qualify for tax treatment as Real Estate Mortgage Investment Conduits (REMICs).
  
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