Ginnie Mae Security definition

Ginnie Mae Security means a fully-modified pass-through mortgage-backed certificate guaranteed by Ginnie Mae, evidenced by a book-entry account in a depository institution having book-entry accounts at the Federal Reserve Bank of New York and backed by a pool of Ginnie Mae Mortgage Loans, in substantially the principal amount and with substantially the other terms as specified with respect to such Ginnie Mae Security in the related Takeout Commitment.
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Ginnie Mae Security means a fully-modified, mortgage-backed Ginnie Mae I or Ginnie Mae II Security, or such later equivalent Ginnie Mae insured security as shall otherwise satisfy the requirements of the General Indenture, issued by a Servicer, registered in the name of the Trustee or its nominee, guaranteed as to timely payment of principal and interest by Ginnie Mae pursuant to Section 306(g) of Title III of the National Housing Act of 1934, as amended, and the regulations promulgated thereunder and backed by Mortgage Loans.
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Ginnie Mae Security means a fully-modified pass-through mortgage-backed certificate guaranteed by Ginnie Mae, evidenced by a book-entry account in a depository institution having
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Examples of Ginnie Mae Security in a sentence

  • As used in this part, the following terms shall have the meanings indicated:Book-entry Ginnie Mae Security.

  • A Participant’s Security Entitle- ment is created when a Federal Re- serve Bank indicates by book-entry that a Book-entry Ginnie Mae Security has been credited to a Participant’s Se- curities Account.

  • A Ginnie Mae Security in engraved or printed form, or that is otherwise rep- resented by a certificate.Depository.

  • The Federal Reserve Banks as Depositories are not liable to a Person asserting or having an adverse claim to a Security Entitlement or to a Book-entry Ginnie Mae Security in a Participant’s Securi- ties Account, including any such claim arising as a result of the transfer or disposition of a Book-entry Ginnie Mae Security by a Federal Reserve Bank pursuant to a Transfer Message that the Federal Reserve Bank reasonably believes to be genuine.

  • A Book-entry Ginnie Mae Security issued or maintained in the Book-entry System which by the terms of its Secu- rity Documentation is eligible to be converted from book-entry form into definitive form.Entitlement Holder.

  • A Person to whose account an interest in a Book-entry Ginnie Mae Security is credited on the records of a Securities Intermediary.Federal Reserve Bank Operating Cir- cular.

  • A Ginnie Mae Security issued or main- tained in the Book-entry System.

  • Book-entry Ginnie Mae Security also means the separate interest and prin- cipal components of a Book-entry Ginnie Mae Security if such security has been designated by Ginnie Mae as eligible for division into such compo- nents and the components are main- tained separately on the books of one or more Federal Reserve Banks.Book-entry System.

  • A Book-entry Ginnie Mae Security shall be main- tained in the Book-entry System.

  • An instruction of a member of a Federal Reserve Bank to effect a transfer of a Book-entry Secu- rity (including a Book-entry Ginnie Mae Security) maintained in the Book- entry System, as set forth in Federal Reserve Bank Operating Circulars.(b) Other Terms.


More Definitions of Ginnie Mae Security

Ginnie Mae Security xxxxx x xully-modifxxx xxss-through mortgage-backed certificate guaranteed by Ginnie Mae, evidenced by a book-entry acxxxxx ix x depository institution having book-entry accounts at the Federal Reserve Bank of New York and backed by a pool of Ginnie Mae Mortgage Loans, in substantiaxxx xxe principal amount and with substantially the other terms as specified with respect to such Ginnie Mae Security in the related Takeoxx Xxxmxxxent.21
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Related to Ginnie Mae Security

  • Ginnie Mae is hereby added to Article I to immediately follxx xxx xxxinition of "Freddie Mac":

  • 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;

  • FHLMC The Federal Home Loan Mortgage Corporation, or any successor thereto.

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan:

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

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

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • 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.

  • Underlying Security means a security issued or transferred, or to be issued or transferred, in accordance with the terms of a convertible security, an exchangeable security or a multiple convertible security;

  • Reference Security means the security specified as such in the relevant Final Terms. If a Reference Security is no longer outstanding, a Similar Security will be chosen by the Quotation Agent at 11:00 a.m. (CET) on the third Business Day preceding the Make-whole Redemption Date, quoted in writing by the Quotation Agent to the Issuer and published in accordance with Condition 12 (Notices).