PLMBS Defined Sample Clauses

PLMBS Defined. 5. PLMBS are mortgage pass-through Certificate securities entitling the holder to income payments from pools of mortgage loans.2 The securities are referred to as “private label” because they are issued by private entities instead of the Federal National Mortgage Association (“Xxxxxx Xxx”) or the Federal Home Loan Mortgage Corporation (“Xxxxxxx Xxx”), which are U.S. government-sponsored enterprises (“GSEs”). (Mortgage securities issued or guaranteed by Xxxxxx Xxx and Freddie Mac are referred to as “agency” mortgage securities.)
Sample 1
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