FNMA MBS definition

FNMA MBS means MBS issued in connection with the housing programs of the FNMA. "FRONT-END FEES AND EXPENSES" means fees and expenses paid by any Person for any services rendered during the Partnership's organizational or acquisition phase including, without limitation, organizational and offering expenses, the Acquisition Fee, the Participation Servicing Fee, and Acquisition Expenses.
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FNMA MBS. A mortgaged backed security issued by FNMA, which represents an undivided ownership interest in a Pool.
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FNMA MBS. A guaranteed mortgage pass-through certificate consisting of an undivided interest in a pool of mortgage loans secured by a lien on residential property formed by FNMA, which is pledged to the Trustee under this Standard Provisions Indenture and the related Terms Indenture as security for a Series, and all renewals, extensions, substitutions and replacements thereof. Each pool consists of mortgage loans of one of the following types: (i) fixed rate level installment conventional mortgage loans, (ii) fixed rate level installment mortgage loans that are insured by the FHA or guaranteed by the VA or (iii) fixed rate conventional growing equity mortgage loans that provide for scheduled annual increased payments, with the full amount of the increase applied to principal. The FNMA MBSs securing a Series may consist of types (i) and (ii). The term "Outstanding FNMA MBSs" with respect to a Series as of any date means the FNMA MBSs securing such Series with a remaining principal balance. Each FNMA MBS pledged to the Trustee as security for a Series will be listed in a schedule to the related Terms Indenture.
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Examples of FNMA MBS in a sentence

  • But over a period of three years, the number of Pardhi households in the camp had almost doubled.12or in larger slums amidst the hutments of other slum dwellers.

  • USDA Rural Development Leverage Lending loans will be included in a FNMA MBS.

  • Mortgage loans eligible under the FNMA HFA Preferred™ program will be included in a FNMA MBS.

  • Except as set forth in this Agreement, the Servicer shall service the Mortgage Loans in strict compliance with the servicing provisions related to the FNMA MBS Program (Special Servicing Option) of the FNMA Guides.

  • The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by FNMA in the FNMA MBS Selling and Servicing Guide or by FHLMC in the FHLMC Sellers' & Servicer's Guide, as amended or restated from time to time.

  • Mortgage Loans eligible under FNMA’s Community HomeChoice™ guidelines will be included in FNMA MBS.

  • Except as set forth in this Agreement, the Servicer shall service the Mortgage Loans in strict compliance with the servicing provisions related to the [FNMA MBS Program (Special Servicing Option)] of the FNMA Guides.

  • Lower adoption levels are shown in pink, and higher adoption levels are shown in green.FNMA Green and Non-Green MBS Property Locations Figure 2: This figure depicts the location of all properties securing single-asset multifamily FNMA MBS, situated within the continental U.S., during the 2016 through 2018 sample period.

  • Every state that had FNMA multifamily issuance during that time period had some level of participation in the Green MBS program; states in black had no FNMA MBS issuance during that period.

  • In the case of case of (i) FNMA MBS, the relevant FNMA Form 2005, (ii) FHLMC PC, the relevant FHLMC Form 11, in either case listing the Mortgage Loans included the related Pool on the applicable Settlement Date.


More Definitions of FNMA MBS

FNMA MBS. Mortgage-backed securities issued by FNMA pursuant to (a) a Special Pool Purchase Agreement dated November 1993 and (b) a Special Pool Purchase Agreement dated December 1993.
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FNMA MBS means any security (including a participation certificate) issued by FNMA that represents an interest in a pool of Mortgage Loans.
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Related to FNMA MBS

  • FHLMC The Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.

  • FNMA Guide FNMA’s Servicing Guide, as the same may be amended by FNMA from time to time.

  • GNMA means the Government National Mortgage Association.

  • FNMA Guides The FNMA Sellers' Guide and the FNMA Servicers' Guide, and all amendments or additions thereto.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • FNMA The Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.

  • HUD means the Secretary of Housing and Urban development, his delegates, successors, and assigns, and the officers and employees of the United States

  • High Cost Home Mortgage Loan as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High-Cost Home Loan" as defined by the Indiana High Cost Home Loan Law effective January 1, 2005.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Performing Mortgage Loan Any Mortgage Loan or Serviced Pari Passu Companion Loan that is not a Specially Serviced Mortgage Loan.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.

  • Securitization Property means the property described in section 10j.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Freddie Mac Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto.

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

  • Securitization Assets means (a) the accounts receivable, royalty or other revenue streams and other rights to payment and other assets related thereto subject to a Qualified Securitization Facility and the proceeds thereof and (b) contract rights, lockbox accounts and records with respect to such accounts receivable and any other assets customarily transferred together with accounts receivable in a securitization financing.

  • Qualified Originator means an originator of Mortgage Loans which is acceptable under the Underwriting Guidelines.

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

  • Performing Serviced Mortgage Loan A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Non-Serviced Mortgage Loan means a Mortgage Loan included in the Trust but serviced under another agreement. There are no Non-Serviced Mortgage Loans in the Trust.

  • Serviced Loan A Serviced Mortgage Loan or Serviced Companion Loan.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.