No Recycling. The Complete Indenture provides that all principal payments, principal prepayments and other recoveries of principal received with respect to the mortgage loans financed with the proceeds of the Program Bonds may not be recycled into new mortgage loans or MBS.
Appears in 4 contracts
Samples: Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Terms (Federal Home Loan Mortgage Corp), Program Agreement (Federal Home Loan Mortgage Corp)
No Recycling. The Complete Indenture provides that all principal payments, principal prepayments and other recoveries of principal received with respect to the mortgage loans financed with the proceeds of the Program Bonds may not be recycled into new mortgage loans or MBSPermitted Mortgage Loans.
Appears in 4 contracts
Samples: Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Program Agreement (Federal Home Loan Mortgage Corp), Terms (Federal Home Loan Mortgage Corp)
No Recycling. The Complete Indenture provides that all principal payments, principal prepayments and other recoveries of principal received with respect to the mortgage loans financed with the proceeds of the Program Bonds may not be recycled into new mortgage loans or MBSmortgage backed securities.
Appears in 4 contracts
Samples: Issue Bond Program Agreement (Federal National Mortgage Association Fannie Mae), Terms (Federal Home Loan Mortgage Corp), Program Agreement (Federal Home Loan Mortgage Corp)
