Business and Personal Finance Dictionary

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• TOTAL PCS AND STRUCTURED SECURITIES ISSUED
  
  PCs (participation certificates) are securities issued by Freddie Mac where the underlying collateral is pools of mortgage loans. Structured securities are single-class and multi-class securities issued by Freddie Mac as part of our resecuritization of previously issued Freddie Mac PCs and non-Freddie Mac mortgage-related securities.
  
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