GNMA Issuer definition
GNMA Issuer. Any one of the mortgage banking companies or other financial concerns approved by GNMA that has issued and is servicing an Underlying Agency Security.] Independent: When used with respect to any specified Person, such a Person who (i) is in fact independent of the Company, the Certificate Administrator and the Trustee, or any Affiliate thereof, (ii) does not have any direct financial interest in the Company, the Certificate Administrator and the Trustee, or any Affiliate thereof, and (iii) is not connected with the Company, the Certificate Administrator and the Trustee as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.
GNMA Issuer. Any one of the mortgage banking companies or other financial concerns approved by GNMA that has issued and is servicing an Underlying Security.]
GNMA Issuer means American Financial Network, Inc., a California corporation and its successors and assigns, an approved FHA Mortgagee in good standing eligible per ▇▇▇▇▇▇ Mae requirements to acquire or originate eligible Loans to be used in the creation, marketing, and servicing of eligible ▇▇▇▇▇▇ ▇▇▇ MBS pools or Loan packages.
Examples of GNMA Issuer in a sentence
Sub-Servicer is an approved FNMA Seller/Servicer, an approved FHLMC Seller/Servicer, an approved GNMA Issuer, an approved HUD mortgagee and an approved VA mortgagee, and Sub-Servicer is in good standing with each of such entities as required in order to service or sub-service any Mortgage Loan covered by this Agreement.