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.
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FHLMC Certificates means mortgage participation certificates issued by FHLMC, either in certificated or book-entry form.
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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).
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Examples of FHLMC Certificates in a sentence

  • Holdings desires to transfer legal and equitable title to the title to the FHLMC certificates and the FNMA certificates listed in Exhibit A attached hereto (respectively, the "FHLMC Certificates" and the "FNMA Certificates"; and collectively, the "Government Securities") to the REIT pursuant to the terms of this Agreement.

  • FHLMC, a corporate instrumentality of the United States, issues FHLMC Certificates representing interests in mortgage loans.

  • FHLMC Certificates or FNMA Certificates......................................

  • 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.

  • The Mortgage Lender may package, at its option, the Mortgage Loans into FNMA, GNMA or FHLMC Certificates.

  • After the issuance of such FNMA Certificates and FHLMC Certificates, CFC will retain all responsibilities and duties to FNMA and FHLMC, including the payment of all FNMA or FHLMC guaranty fees, with respect to such conventional mortgage loans, FHA Loans, VA Loans, FNMA Certificates and FHLMC Certificates and will service such conventional mortgage loans, FHA Loans and VA Loans after the issuance of the FNMA or FHLMC Certificates which they back, in accordance with FNMA and FHLMC requirements.

  • 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.

  • Applicant states that it desires to have the flexibility to collateralize the Bonds with GNMA Certificates, FHLMC Certificates, and FNMA Certificates which may or may not represent the entire undivided interest in any underlying pool of mortgage loans.


More Definitions of FHLMC Certificates

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

  • COFI Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group III Certificates The Group III-A Certificates.

  • New Certificates has the meaning set forth in Section 2.05(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.

  • Class AA Certificates means Pass Through Certificates issued by the Class AA Pass Through Trust.

  • 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.

  • Public Certificates The Class X-0, Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-AB, Class X-A, Class A-S, Class B and Class C Certificates.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • REMIC I Certificates The Class R-I Certificates.

  • 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 The Class A-1, Class A-2, Class A-3 and Class A-4 Certificates.

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