FHLMC Certificates definition

FHLMC Certificates means single-class certificates issued by FHLMC which represent undivided interests in specified pools of fully amortizing Mortgage Loans, or participation interests in Mortgage Loans purchased by FHLMC, substantially all of which Mortgage Loans are secured by first liens on Residential Real Estate and which are guaranteed by FHLMC as to the timely payment of scheduled interest (at the applicable pass-through rate) and the ultimate collection by a holder of such certificates of all principal on the underlying mortgage loans, to the extent of such holder's pro rata share thereof, and in the case of certain FHLMC Certificates, the timely payment of scheduled principal.
Sample 1Sample 2Sample 3
FHLMC Certificates means mortgage participation certificates issued by FHLMC, either in certificated or book-entry form.
Sample 1Sample 2
FHLMC Certificates means single-class mortgage participation certificates in book-entry form backed by single-family residential mortgage loans, the full and timely payment of interest at the applicable certificate rate and the ultimate collection of principal of which are guaranteed by the Federal Home Loan Mortgage Corporation (excluding Real Estate Mortgage Investment Conduit (“REMIC”) or other multi-class pass-through certificates, pass-through certificates backed by adjustable rate mortgages and securities paying interest or principal only).
Sample 1Sample 2

Examples of FHLMC Certificates in a sentence

  • The P2P Down Payment Assistance will be (i) available in the Program Area established for the Home Plus Program, subject to modification in the sole discretion of the Authority, and (ii) available only with respect to Conventional Mortgage Loans that will be pooled by the Servicer into FHLMC Certificates, subject to modification in the sole discretion of the Authority.

  • The Class of Pass-Through Certificates will bear interest on each payment date in an amount equal to the amounts received as interest payments on the FHLMC Certificates in the Mortgage Pool on such payment date, less the aggregate amount of interest payable on the FHLMC 17 Pass-Through Certificates (other than the Residual Interest Class) on such payment date.

  • If the Trustee does not receive a payment on a MBS Certificate by the close of business on the day such payment is due to be received, the Trustee shall immediately notify, and demand payment, as applicable, from GNMA in accordance with the GNMA Guaranty Agreement with respect to the GNMA Certificates, from FHLMC in accordance with the FHLMC Certificates or from FNMA in accordance with the Pool Purchase Contract with respect to the FNMA Certificates.

  • In addition, the Mortgage Collateral underlying the Bonds issued by MBFC I, an Affiliate or a Trust will be limited to Mortgage Loans, Private Mortgage Certificates, GNMA Certificates, FNMA Certificates, FHLMC Certificates, Stripped Mortgage Backed Securities and Funding Agreements.

  • Treat your farm like a solar panel – bigger green leaf area supports greater photosynthesis meaning more food for soil microbes and improved soil health.


More Definitions of FHLMC Certificates

FHLMC Certificates means mortgage participation certificates issued by FHLMC, either in certificate or book-entry form.
Sample 1Sample 2Sample 3
FHLMC Certificates means mortgage loan pass-through certificates guaranteed as to timely payment of principal and interest by FHLMC.
Sample 1

Related to FHLMC Certificates

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association. ARTICLE II The Trust

  • COFI Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • New Certificates has the meaning set forth in Section 3.04(a).

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Group I Certificates The Class A-1 Certificates.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Retail Certificates A Senior Certificate, if any, offered in smaller minimum denominations than other Senior Certificates, and designated as such in the Series Supplement.

  • Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Class A Certificates As specified in the Preliminary Statement.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.

  • Class B-3 Certificates All Certificates bearing the class designation of "Class B-3".