Agency Securities. With respect to any Mortgage Loans that are Pooled Mortgage Loans, Seller shall only designate Buyer or the agent under a joint securities account control agreement as the party authorized to receive the related Agency Security and shall designate Buyer or the agent under a joint securities account control agreement accordingly on the applicable Form HUD 11705 (Schedule of Subscribers).
Agency Securities negotiable debt obligations 98.20% of the Federal National Mortgage Association, (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks (FHLB), Federal Farm Credit Banks (FFCB), Student Loan Marketing Association (SLMA), Tennessee Valley Loan Authority (TVA) (collectively, "AGENCY SECURITIES") having a remaining maturity of not more than one year.
Agency Securities. In producing the Borrowing Base Report, the Collateral Agent (and the Custodian in furnishing any Market Values therefor) shall not be required to consider or recognize any reduction in the principal amount of any Agency Securities held as Collateral until after the Collateral Agent has received written notice (including electronic communications) of such reduction by or behalf of the issuer of such Agency Securities.
Agency Securities. (i) Single-class mortgage participation certificates in book-entry form and denominated in Dollars backed by single-family residential mortgage loans, the full and timely payment of interest at the applicable certificate rate and the ultimate collection of principal of which are guaranteed by the Federal Home Loan Mortgage Corporation (excluding REMIC or other multi-class pass-through certificates, collateralized mortgage obligations, pass-through certificates backed by adjustable rate mortgages, securities paying interest or principal only and similar derivative securities); (ii) single-class mortgage pass-through certificates in book-entry form and denominated in Dollars backed by single-family residential mortgage loans, the full and timely payment of interest at the applicable certificate rate and ultimate collection of principal of which are guaranteed by the Federal National Mortgage Association (excluding REMIC or other multi-class pass-through certificates, pass-through certificates backed by adjustable rate mortgages, collateralized mortgage obligations, securities paying interest or principal only and similar derivative securities); and (iii) single-class fully modified pass-through certificates in book-entry form and denominated in Dollars backed by single-family residential mortgage loans, the full and timely payment of principal and interest of which is guaranteed by the Government National Mortgage Association (excluding REMIC or other multi-class pass-through certificates, collateralized mortgage obligations, pass-through certificates backed by adjustable rate mortgages, securities paying interest or principal only and similar derivatives securities), in each case rated at least (i) AA- by S&P, (ii) Aa3 by Xxxxx’x or (iii) AA- by Fitch. With a weighted average life from the date of determination of (x) two years or less from the date of determination, 95%, (y) more than two years and ten years or less from the date of determination, 90% and (z) more than ten years from the date of determination, 85%
Agency Securities. With respect to any Pooled Mortgage Loans, Seller has only designated Buyer or the agent under the Joint Securities Account Control Agreement as the party authorized to receive the related Agency Security and shall designate Buyer or the agent under the Joint Securities Account Control Agreement accordingly on the applicable Form HUD 11705 (Schedule of Subscribers). Home Point Financial Corporation 0000 Xxx Xxxxxxx Xxxx, Suite 250 Ann Arbor, MI 48105 Attention: [***] Telephone: [***] E-mail: [***] With copies to: Home Point Financial Corporation 0000 Xxx Xxxxxxx Xxxx, Suite 250 Ann Arbor, MI 48105 Attention: [***] E-mail: [***] See Authorized Representatives of Seller attached. Bank of Montreal c/o BMO Capital Markets Corp. 0 Xxxxx Xxxxxx New York, New York 10036 Attn: [***] Telephone: [***] Email: [***] With a copy to: Bank of Montreal c/o BMO Capital Markets Corp. 0 Xxxxx Xxxxxx New York, New York 10036 Attn: [***] Any of the persons whose signatures and titles appear below, including any other authorized officers, are authorized, acting singly, to act for Buyer under this Agreement: [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] Reference is hereby made to the Master Repurchase Agreement and Securities Contract dated as of January 8, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), between Home Point Financial Corporation (the “Seller”) and Bank of Montreal (the “Buyer”). Pursuant to the provisions of Section 8 of the Agreement, the undersigned hereby certifies that:
1. It is __ a natural individual person, treated as a corporation for U.S. federal income tax purposes, disregarded for federal income tax purposes (in which case a copy of this Section 8 Certificate is attached in respect of its sole beneficial owner), or treated as a partnership for U.S. federal income tax purposes (one must be checked).
2. It is the beneficial owner of amounts received pursuant to the Agreement.
3. It is not a bank, as such term is used in section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), or the Agreement is not, with respect to the undersigned, a loan agreement entered into in the ordinary course of its trade or business, within the meaning of such section...
Agency Securities. Debenture obligations of the Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), (collectively, “Agency Securities”) having a remaining maturity of not more than 1 year. 100 % 99 % 78.8 %
Agency Securities. The Seller shall deliver any payments it may collect on the Agency Securities after the Cut-off Date to the Note Trustee, as the Depositor's ultimate assignee. The Seller shall assist the Note Trustee in its efforts to become the registered holder of each Agency Security.
Agency Securities. With respect to Pooled Loans, Guarantor shall only designate Administrative Agent as the party authorized to receive the related Agency Security and shall designate Administrative Agent accordingly on the applicable Form HUD 11711A (Release of Security Interest) or Xxxxxxx Xxx Form 966E (Warehouse Provider Release and Transfer), as applicable.
Agency Securities. Debenture obligations of the Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC) (collectively, “Agency Securities”) having a remaining maturity of not more than 1 year.
Agency Securities. Securities backed by a pool or pools of mortgage loans owned by the Trust, which are issued and guaranteed by the applicable Agency.
