FNMA Certificates definition

FNMA Certificates means single-class mortgage pass-through certificates issued by FNMA which represent fractional undivided interests in specified pools of fully amortizing (i.e., not balloon payment) Mortgage Loans secured by first liens on Residential Real Estate, and which are guaranteed by FNMA as to the timely payment of scheduled interest (at the applicable pass-through rate) and principal.
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FNMA Certificates means mortgage pass through certificates guaranteed by FNMA.
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FNMA Certificates means mortgage pass-through certificates issued by FNMA, either in certificated or book-entry form.
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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.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Mortgage participation certificates issued by FHLMC evidencing undivided interests or participations in pools of first lien conventional or FHA/VA residential mortgages or deeds of trust, guaranteed by FHLMC, issued after July 18, 1984 and having a remaining maturity of not more than 1 year and [1-2][2-3][3-5][5-7][7-10][10-20][20-30] years * * FNMA Certificates.


More Definitions of FNMA Certificates

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

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

  • Class A-1A Certificate means any one of the Certificates with a "Class A-1A" designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.