Mortgage-Backed Securities Clearing Corporation Love Machine 14 years ago Mortgage-Backed Securities Clearing CorporationSubsidiary wholly owned by Midwest Stock Exchange operating as a clearing house for agency backed MBSs. Comparison, netting, and margining of forward delivery MBSs is carried out here.Recommended for you:Mortgage-Backed SecuritiesStripped Mortgage-Backed Securities (SMBSs)DTCC- Depository Trust & Clearing CorporationLacker Opposes Fed Plan to Hold Mortgage-backed Securities