Freddie Mac Certificate definition
Freddie Mac Certificate means a mortgage participation certificate issued by Freddie Mac and representing an undivided interest in a pool of Conventional Mortgage Loans identified by a particular alphanumeric number and CUSIP number, guaranteed as to timely payment of principal and interest by Freddie Mac and bearing interest at the Pass-Through Rate, which will mature not later than the date set forth in the applicable Series Indenture.
Freddie Mac Certificate means a single-pool, guaranteed mortgage pass-through Freddie Mac Mortgage-backed Security, issued by Freddie Mac in book-entry form, the full and timely payment of principal of and interest on which is guaranteed by Freddie Mac, which evidences a proportional undivided interest in a Pool of Conventional Mortgage Loans, all of which loans provide for monthly payments of principal and interest in substantially equal installments for the contractual term of such loans and are fully amortized over the original term to maturity.
Freddie Mac Certificate means a guaranteed mortgage pass-through Freddie Mac Participation Certificate bearing interest at the applicable Pass-Through Rate, issued by Freddie Mac in book-entry form, transferred to the account of the Trustee or its nominee (or any successor or transferee), guaranteed as to timely payment of principal and interest by Freddie Mac and backed by conventional or government insured or government guaranteed Mortgage Loans in the related Freddie Mac pool.
More Definitions of Freddie Mac Certificate
Freddie Mac Certificate means a single pool, guaranteed mortgage pass-through Freddie Mac Mortgage-backed Security issued by Freddie Mac in book-entry form, recorded in the name of the Trustee or its nominee, guaranteed as to timely payment of principal of and interest by Freddie Mac, and backed by Conventional Mortgage Loans in the related mortgage Pool, all of which loans provide for monthly payments of principal and interest in substantially equal installments for the contractual term of such loan and amortizing over the original term to maturity.
Freddie Mac Certificate means a mortgage participation certificate in certified or book-entry form, identified by a particular alphanumeric number and CUSIP number, the timely payment of interest on and the timely payment on the ultimate collection of principal of which is guaranteed by Freddie Mac, which evidences a proportional undivided interest in a Pool of Conventional Mortgage Loans, all of which loans provide for monthly payments of principal and interest in substantially equal installments for the contractual term of such loans and are amortizing over the original term to maturity.
Freddie Mac Certificate means a guaranteed mortgage pass-through Freddie Mac Mortgage
Freddie Mac Certificate means a guaranteed mortgage pass-through Freddie Mac Mortgage-Backed Security, issued by Freddie Mac in book-entry form, transferred to the account of the Trustee or its nominee (or any successor or transferee), guaranteed as to timely payment of principal and interest by Freddie Mac and back by Conventional Mortgage Loans in the related Freddie Mac pool.