Examples of Covered Mortgage in a sentence
FURTHER READING Refer to Appendices A4 and A5 for examples of Residential Mortgage-Backed Securities and Covered Mortgage Bond issues.
Method of testing shall be by deflectometer of the rigid GO/NO-GO type device.
Tipped Employees” are defined in section 3(m)(2)(A) of the Fair Labor Standards Act of 1983 (28 U.S.C. 203(m)(2)(A)) Covered Mortgage Obligation DefinedAny indebtedness or debt instrument incurred in the ordinary course of business that:1.
Parliament approved a new Law on Residential Mortgage Lending, together with Amendments to the Covered Mortgage Bonds Law.
Mortgage and Senior bond issues The HFSA approved the Bank's 2011 Covered Mortgage Bond and Senior Unsecured Bond issues Programme in Q1 of 2011 and issues commenced accordingly.
The weighted average Mortgage Insurance Premium Rate for each of the Covered Mortgage Loans under the Mortgage Insurance Policy is 2.214% per annum.
SECTI O N III .1 MORTGAGE ADMINISTRATOR AND ASSET MANAGEMENT Article 23.1 Mortgage Administrator After appointment of mortgage administrator as defined in the Republic of Armenia law “On Covered Mortgage Bonds”, liabilities on covered mortgage bonds of a bank, or credit organization and management of their coverage resources shall pass to him.(Article 23.1 amended AL-102-N, 26.05.08) Article 23.2. The Powers and Duties of Mortgage Administrator 1.
Such policy will cover losses on such mortgage loans to the extent that such losses exceed 6.35% of the aggregate principal balance of the Covered Mortgage Loans as of the cut-off date, up to a limit of 8.31% of the aggregate principal balance of the Covered Mortgage Loans as of the cut-off date, subject to certain limited conditions and exclusions.We refer you to “Description of the Certificates— Credit Enhancement— The Pool Policy” in this prospectus supplement for additional information.
In the event of any dispute or conflict over the right to pursue claims related to any Covered Mortgage that jeopardizes or restricts Fannie Mae's rights to collect against the borrowers or the real estate collateral, Fannie Mae shall have the priority right to proceed on such collection efforts but, upon conclusion of such collection efforts, GMACM may proceed with its claims against applicable third parties.
If the Covered Mortgage Bonds offered by the Issuer for sale are not purchased because no appropriate purchase price is received on the above mentioned accounts, the Issuer might decide not to issue any bonds.