FNMA Security definition

FNMA Security. An ownership interest in a pool of FNMA Mortgage Loans, evidenced by a book-entry credit made by a Securities Intermediary that is a participant of the Federal Reserve Bank of New York, in substantially the principal amount and with substantially the other terms as specified with respect to such FNMA Security in the related Takeout Commitment, if any.
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FNMA Security means a security representing an undivided fractional interest in a pool of Mortgage Loans, which security is issued and guaranteed as to full and timely payment of principal and interest by FNMA.
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FNMA Security means an obliga- tion, participation, or any instrument of or issued by, or fully guaranteed as to principal and interest by, the Fed- eral National Mortgage Association.
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Examples of FNMA Security in a sentence

  • Sellers, subject to the terms hereof, will cause (a) Mortgage Loans evidenced by a Participation Certificate to back a GNMA Security issued by Sellers and guaranteed by GNMA, a FNMA Security issued and guaranteed by FNMA or a FHLMC Security issued and guaranteed by FHLMC and (b) Delivery of such GNMA Security, FNMA Security or FHLMC Security by GNMA, FNMA or FHLMC to Participant or its designee, which GNMA Security, FNMA Security or FHLMC Security will be purchased by a Takeout Investor.

  • Count II, Ex. 3, Interoffice Memo from Tom Grande to EBG re: Mount Vernon Mortgage Company FNMA Security, Feb.

  • With respect to any FNMA Participation Certificate or any FNMA Security, a mortgageloan that is in Strict Compliance with the eligibility requirements specified for the applicable FNMA Program described in the FNMA Guide.

  • Seller, subject to the terms hereof, will cause (a) Mortgage Loans evidenced by a Participation Certificate to back a GNMA Security issued by Seller and guaranteed by GNMA, a FNMA Security issued and guaranteed by FNMA or a FHLMC Security issued and guaranteed by FHLMC and (b) Delivery of such GNMA Security, FNMA Security or FHLMC Security by GNMA, FNMA or FHLMC to Participant or its designee, which GNMA Security, FNMA Security or FHLMC Security will be purchased by a Takeout Investor.

  • Seller, subject to the terms hereof, will cause (a) Mortgage Loans evidenced by a Participation Certificate to back a GNMA Security issued by Seller and guaranteed by GNMA, a FNMA Security issued and guaranteed by FNMA or a FHLMC Security issued and guaranteed by FHLMC and (b) Delivery of such GNMA Security, FNMA Security or FHLMC Security by GNMA, FNMA or FHLMC to Purchaser or its designee, which GNMA Security, FNMA Security or FHLMC Security will be purchased by a Takeout Investor.

  • A GNMA Security, a FNMA Security or a FHLMC Security, as applicable.


More Definitions of FNMA Security

FNMA Security shall refer to a Guaranteed Mortgage PassThrough Certificate issued and guaranteed by FNMA and backed by a pool of Mortgage Loans.
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FNMA Security means a security secured by a Mortgage Pool issued by the Designated Servicer in certificated or in book-entry form, guaranteed as to timely payment of principal and interest by FNMA, for purchase by the Trustee.
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FNMA Security a Mortgage-backed Security issued or guaranteed by FNMA.
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FNMA Security means an obligation, participa-tion, or any instrument of or issued by, or fully guaranteed as to principal and interest by, the Federal National Mortgage Association.
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FNMA Security means a single pool, guaranteed mortgage pass-through FNMA Mortgage- Backed Security, bearing interest at the Pass-Through Rate, issued by FNMA in book-entry form, recorded in the name of the Trustee or its nominee, guaranteed as to timely payment of principal and interest by FNMA and backed by Mortgage Loans in the related mortgage pool.
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FNMA Security means a security issued or guaranteed by the Federal National Mortgage Association; (xvi) "GNMA Security" means a security issued or guaranteed by the Government National Mortgage Association; (xvii) "Instrument" means an "instrument" (as defined in Section 9-105(1)(i) of the New York UCC); (xviii) "New York Fed" means the Federal Reserve Bank of New York; (xix) "New York UCC" means the Uniform Commercial Code as in effect on the date hereof in the State of New York; (xx) "Participant" means a Person (as defined in the Treasury Regulations) that maintains a Participant's Securities Account with the New York Fed; (xxi) "Participant's Securities Account" means an account in the name of a Participant of the New York Fed to which Book-Entry Securities held for a Participant are or may be credited; (xxii) "Secured Obligations" means the obligations of the Trust under the Indenture; (xxiii) "Securities Account" means the account established by the Custodian in connection with the transactions contemplated by the Indenture; (xxiv) "Securities Account Property" means Custodial Securities credited to the Securities Account; (xxv) "Securities Intermediary" means a person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity, and includes a "clearing corporation" (as defined in Section 8-102(a)(5) of the New York UCC); (xxvi) "Security Entitlement" means the rights and property interest of an Entitlement Holder with respect to (A) a financial asset specified in Part 5 of Article 8 of the New York UCC or (B) a Book-Entry Security specified in the Treasury Regulations; (xxvii) "Treasury Regulations" means the Regulations of the Department of the Treasury Governing Book-Entry Treasury Bonds, Notes and Bills, as set forth in 61 Fed. Reg. 43626 (Aug. 23, 1996), codified at 31 C.F.R. Part 357, as amended; and (xxviii) "Treasury Security" means a security issued or guaranteed by the U.S. Department of the Treasury.
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Related to FNMA Security

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Data Security Requirements means, collectively, all of the following to the extent relating to Data Treatment, to any privacy, security, or security breach notification requirements applicable to the Company or any Retained Subsidiary, to the conduct of the Management and Franchise Business, or to any System: (i) PCI-DSS, (ii) the Company’s and the Retained Subsidiaries’ own rules and policies and (iii) applicable Law.

  • Cyber Security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • HIPAA Security Rule as defined in 45 CFR Part 164, Subparts A and C;

  • Similar Security means a reference bond or reference bonds issued by the same issuer as the Reference Security having an actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  • The HIPAA Security Rule means the Security Standards for the Protection of 23 electronic PHI at 45 CFR Part 160, Part 162, and Part 164, Subparts A and C.

  • German Security means the assets which are the subject of a security document which is governed by German law.

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • Permitted Security means any Security:

  • Mortgage-Backed Security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • Relevant Security means the Stock, any other equity security of the Company or any of its subsidiaries and any security convertible into, or exercisable or exchangeable for, any Stock or other such equity security.

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Covered Security means a security as defined in Section 2(a)(36) of the Act, which includes: any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, pre-organization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

  • Exempt Security means any security that is expressly exempted from the preclearance or reporting requirements of the Code, where applicable.

  • Capital Security means an undivided beneficial interest in the assets of the Issuer Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

  • Unrestricted Certificated Security means a Certificated Security that is not a Restricted Security.

  • Russian Security means a Security issued by a Russian issuer.

  • Worthless security means a security whose cost of liquidation and delivery to the administrator would exceed the value of the security on the date a report is due under this chapter.

  • Regulation S Global Security The meaning specified in Section 3.01(c).

  • Book-Entry Security means a security evidencing all or part of a series of Securities, issued to the Depositary for such series of Securities in accordance with Section 3.03, and bearing the legend prescribed in Section 3.03.

  • Agency Security means a mortgage-backed security issued by an Agency.