Agency Security definition

Agency Security means a mortgage-backed security issued by an Agency.

Agency Security means a Mortgage-backed Security issued or guaranteed by Xxxxxx Xxx, Xxxxxxx Mac or Xxxxxx Mae.

Agency Security means a security issued in exchange for Purchased Mortgage Loans and backed by such Purchased Mortgage Loans that is (a) guaranteed by Xxxxxx Mae or (b) issued by Xxxxxx Xxx or Xxxxxxx Mac.

Examples of Agency Security in a sentence

• Any agreed alteration of the then current Agency BAA shall have no force or effect until the agreed alteration is reduced to a Contract amendment that must be signed by the Business Associate, Agency Director, and the Agency Security and Privacy Officer.

• Funds shall be deposited in such accounts, and may be drawn on and invested and reinvested, by Seller solely in a manner consistent with the applicable servicing provisions of the Agency Guide and Agency Program relating to the Agency Security originally intended to be issued in connection with the relevant Transaction.

• On a timely basis, as required by the Good Delivery standards, Seller shall deliver to Purchaser all pool information relating to each Agency Security referred to in a Takeout Commitment that has been assigned to Purchaser.

• Seller acknowledges that it will cause each Mortgage Pool purchased hereunder as evidenced by a Participation Certificate to be converted into an Agency Security relating to such Mortgage Pool, such Agency Security to be backed by and to relate to the Mortgage Loans subject to the Mortgage Pools.

• Any agreed alteration of the then current Covered Entity BAA shall have no force or effect until the agreed alteration is reduced to a Contract amendment and signed by the Contractor, Agency Director, and the Agency Security and Privacy Officer.

More Definitions of Agency Security

Agency Security means a Mortgage-backed Security issued or guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

Agency Security. A fully modified pass-through mortgage-backed certificate guaranteed by GNMA, a guaranteed mortgage pass-through certificate issued by Xxxxxx Xxx, or a mortgage participation certificate issued by Xxxxxxx Mac, in each case representing or backed by the Mortgage Pool which is the subject of a Transaction. The particular Agency Security for the relevant Agency is alternatively referred to as, with respect to (x) GNMA, “GNMA Securities”, (y) Xxxxxx Xxx, “Xxxxxx Xxx Securities”, and (z) Xxxxxxx Mac, “Xxxxxxx Mac Securities”.

Agency Security means a mortgage-backed security issued by an Agency including a GNMA Security.

Agency Security shall refer to a GNMA Security, a FNMA Security or a FHLMC Security;

Agency Security means a Mortgage-Backed Security either (a) issued by an Agency or (b) issued by Seller, guaranteed by VA or RD or insured by FHA, and comprised of VA Loans, RD Loans or FHA Loans, as applicable.

Agency Security. A Xxxxxx Mae Agency Security that is Conveyed to the Trustee under this Agreement as part of the Trust Fund. The term “Agency Securities” means all Xxxxxx Xxx Agency Securities Conveyed to the Trustee under this Agreement as part of the Trust Fund. The term “outstanding Agency Securities” as of any date means all of the Agency Securities other than any Agency Securities that have been fully paid as of such date.

Agency Security means a mortgage-backed security issued or fully guaranteed as to the receipt of timely interest and ultimate principal by an Agency and is backed by a pool of Eligible Mortgage Loans, in substantially the principal amount and with substantially the other terms as specified with respect to such security in the related Takeout Commitment. The particular Agency Security for the relevant Agency is alternatively referred to as: “GNMA Securities” (in the case of Xxxxxx Mae), “Xxxxxx Xxx Securities” (in the case of Xxxxxx Mae) and “Xxxxxxx Mac Securities” (in the case of Xxxxxxx Mac).