Mortgage-Backed Securities Clearing Corporation - Explained
What is a Mortgage-Backed Securities Clearing Corporation?
Written by J. Mance Gordon
Updated at April 22nd, 2024
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What is a Mortgage-backed Securities Clearing Corporation?
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 recognized 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.