Agency RMBS definition

Agency RMBS means RMBS issued by an Agency or for which an Agency guarantees payments of principal and interest on the securities.

Agency RMBS means residential mortgage-backed securities for which a U.S. government entity guarantees payment of principal and interest to holders of the securities.

Agency RMBS has the meaning set forth in the Recitals.

Examples of Agency RMBS in a sentence

• A contract for the purchase or sale of Agency RMBS to be delivered at a future agreed-upon date.

• The Company’s investment strategy focuses on two categories of Agency RMBS: (i) traditional pass-through Agency RMBS and (ii) structured Agency RMBS, such as collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities, among other types of structured Agency RMBS.

• The use of proprietary models requires the use of a significant amount of judgment and the application of various assumptions including, but not limited to, assumptions concerning future prepayment rates and default rates.Given their relatively high level of price transparency, Agency RMBS pass-throughs and TBAs are typically designated as Level 2 assets.

• The Company's Agency RMBS include mortgage pass-through certificates and CMOs representing interests in or obligations backed by pools of residential mortgage loans issued or guaranteed by a U.S. government agency or government-sponsored enterprise, or "GSE." The non-Agency RMBS portfolio is not issued or guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or any agency of the U.S. Government and is therefore subject to greater credit risk.

• For debt securities that are deemed to be of high credit quality at the time of purchase (generally Agency RMBS, exclusive of interest only securities), premiums and discounts are amortized/accreted into interest income over the life of such securities using the effective interest method.

More Definitions of Agency RMBS

Agency RMBS means residential mortgage-backed securities issued by an Agency or for which an Agency guarantees payments of principal and interest on the securities.

Agency RMBS means residential mortgage-backed securities for which an Agency guarantees payments of principal and interest on the securities.

Agency RMBS means residential mortgage-backed securities whose principal and interest payments are guaranteed by the Government National Mortgage Association, the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation. “beneficial ownership,” including the correlative term “beneficially owning,” has the meaning ascribed to such term in Section 13(d) of the Exchange Act.

Agency RMBS means mortgage-backed securities that are collateralized by residential mortgages, or RMBS, whose principal and interest payments are guaranteed by Ginnie Mae or a U.S. Government-sponsored entity such as Freddie Mac or Fannie Mae. These securities may be either “pass through” securities, where cash flows from the underlying mortgage loan pool are paid to holders of the securities on a pro rata basis, or securities structured from “pass through” securities, as to which cash flows are redirected in various priorities, which we refer to as a collateralized mortgage obligation.

Agency RMBS. ’ means RMBS whose principal and interest payments are guaranteed by a GSE or Ginnie Mae. These securities may be either ‘‘pass through’’ securities, where cash flows from the underlying mortgage loan pool are paid to holders of the securities on a pro rata basis, or securities structured from ‘‘pass through’’ securities, as to which cash flows are redirected in various priorities, which we refer to as CMOs.

Agency RMBS means (i) Agency Fixed RMBS, (ii) Agency CMOs, (iii) Agency Hybrid ARMs, and (iv) TBAs.

Agency RMBS means government agency RMBS, which are mortgage pass-through certificates backed by pools of residential mortgage loans issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac. Our Agency RMBS may also consist of Agency CMOs, which are securities that are structured interests in Agency-backed mortgage pass-through certificates. See definition of “CMO,” below.