MBS definition

MBS means mortgage-backed securities.

MBS means a mortgage-backed security which is “backed” by an interest in the Notes and the Collateral Pool securing the Notes, which interest permits the holder of the MBS to participate in the Notes and the Collateral Pool to the extent of such Advance.

MBS means collateralized mortgage obligations and other mortgage-backed securities.

Examples of MBS in a sentence

• Certain features and functions available through Electronic Banking may not be available using the MBS.

• Your use of the MBS after we introduce or you select a new security procedure signifies your agreement to the use of such security procedure and that such security procedure, even if it does not involve the use of a User Name or User Password, is reasonable.

• Once you have registered for the MBS, your Mobile Device may be used to obtain information about your Mobile Accounts, and perform transactions on and make transfers between Mobile Accounts.

• The MBS will display sensitive information about your Mobile Accounts, including balances and transfer amounts.

• In order to access the MBS, you must have a cell phone or other handheld device that can send and receive information using the technology that supports the Mobile Banking Service (a "Mobile Device").

More Definitions of MBS

MBS means mortgage backed securities, a security representing a direct interest in a pool of mortgage loans. The pass-through issuer or servicer collects the payments on the loans in the pool and “passes through” the principal and interest to the security holders on a pro rata basis.

MBS means a mortgage pass-through security, collateralized mortgage obligation, REMIC or other security that (a) is based on and backed by an underlying pool of Mortgage Loans and (b) provides for payment by its issuer to its holder of specified principal installments and/or a fixed or floating rate of interest on the unpaid balance and for all prepayments to be passed through to the holder, whether issued in certificated or book-entry form and whether or not issued, guaranteed, insured or bonded by Xxxxxx Xxx, Xxxxxx Xxx, Xxxxxxx Mac, an insurance company, a private issuer or any other investor.

MBS means, collectively, the Ginnie Mae Certificates, the Fannie Mae Certificates and the Freddie Mac Certificates. In the event that only a portion of or interest in an MBS is acquired under the Indenture, references herein to such MBS shall be interpreted and applied to relate to such portion or interest.

MBS means Mortgage Backed Security.

MBS means a mortgage pass-through security, collateralized mortgage obligation, REMIC or other security that (a) is based on and backed by an underlying pool of Mortgage Loans and (b) provides for payment by its issuer to its holder of specified principal installments and/or a fixed or floating rate of interest on the unpaid balance and for prepayments to be passed through to the holder, whether issued in certificated or book-entry form and whether or not issued, guaranteed, insured or bonded by an Agency, an insurance company, a private issuer or any other Person.

MBS means a mortgage backed security guaranteed by Xxxxxx Xxx pursuant to the Xxxxxx Mae Contract.

MBS means the Metrobus System.