Examples of FNMA 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 Certificates or FNMA Certificates......................................
GNMA or FNMA Certificates or FHLMC Gold Participation Certificates delivered to the Fund hereunder by the Lender shall be guaranteed as to the timely payment of interest and principal by GNMA, FNMA or FHLMC, respectively, and shall be backed exclusively by ProLoans.
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.
Originator hereby agrees to ------------------------- procure for the Fund, on a best efforts basis, mortgage-backed securities issued by GNMA, FNMA or FHLMC in the form of GNMA or FNMA Certificates or FHLMC Gold Participation Certificates, respectively (collectively referred to herein as "Securities"), in such quantities as the Subadviser may in its absolute discretion request from time to time in the form of a Certificate attached hereto as Exhibit B.
No FHLMC or FNMA Certificates will be backed, directly or indirectly, by the full faith and credit of the United States.
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 bank has not given any prior notice to the customer for not allowing such facility any more.
GNMA or FNMA Certificates or FHLMC ---------------------- Gold Participation Certificates delivered to the Fund hereunder shall be guaranteed as to the timely payment of interest and principal by GNMA, FNMA or FHLMC, respectively, and shall be backed exclusively by Qualified Mortgage Loans.
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.