Mortgage-backed Securities definition

Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

Mortgage-backed Securities means FHLMC, GNMA or FNMA securities that are backed by Mortgage Loans.

Mortgage-backed Securities means debt obligations (bonds) that are secured by Mortgage Loans or mortgage certificates.

Examples of Mortgage-backed Securities in a sentence

• The Lender or its designee exclusively shall deliver Pledged Mortgages or Pledged Securities to (a) an Investor that has issued a Purchase Commitment with respect thereto for its examination and purchase, or (b) an Approved Custodian for purposes of examination or delivery in connection with the issuance of Mortgage-backed Securities.

• The Company shall assure that Mortgage Loans pledged pursuant to this Agreement and intended to be used in the formation of Mortgage-backed Securities shall comply, or prior to the formation of any such Mortgage-backed Security, shall comply with the requirements of the governmental instrumentality, department or agency guaranteeing such Mortgage-backed Security.

• Lender shall cause delivery of the Mortgage-backed Securities to be made to the Investor or the book entries registered in the name of the Investor or the Investor's designee only against payment therefor.

• Upon receipt of such payment by the Lender, such Mortgage Loans or Mortgage-backed Securities shall be considered to have been redeemed from pledge, and the Collateral Documents relating thereto which have not been delivered to the Investor or the pool custodian or pool trustee shall be released by the Lender to the Company.

• The Company acknowledges that the Lender may enter into one or more standing arrangements with other financial institutions for the issuance of Mortgage-backed Securities in book entry form in the name of such other financial institutions, as agent for the Lender, and the Company agrees upon request of the Lender, to execute and deliver to such other financial institutions the Company's written concurrence in any such standing arrangements.

More Definitions of Mortgage-backed Securities

Mortgage-backed Securities means GNMA Securities, Xxxxxxx Mac Securities and/or Xxxxxx Mae Securities, secured by pools of Mortgage Loans issued and acquired pursuant to the Program.

Mortgage-backed Securities information is currently available by clicking the "Bondholder Reporting" button and selecting the appropriate transaction. The location of such web page and the procedures used therein are subject to change from time to time at the Trustee's discretion. Upon request by any Certificateholder or Rating Agency or the Trustee, the Master Servicer shall forward to such Certificateholder or Rating Agency and the Trustee and the Company (if the Company is no longer acting as Master Servicer) an additional report which sets forth with respect to the Mortgage Loans:

Mortgage-backed Securities means investment securities representing any undivided interest or participation in, or which are secured by, a pool of loans secured by mortgages or deeds of trust.

Mortgage-backed Securities means securities that are (A)(i) -------------------------- issued in accordance with guidelines established by GNMA, FNMA or FHLMC, (ii) guaranteed as to payment by GNMA, FNMA or FHLMC in accordance with the guidelines established by such entities and (iii) secured by a pool of Mortgage Loans originally included as Eligible Mortgage Loans hereunder, or which would have otherwise satisfied the requirements for Eligible Mortgage Loans if such Mortgage Loans had been pledged to the Security Agent pursuant to the terms of this Agreement and of the Warehouse Security Agreement, (B) subject to a Purchase Commitment and (C) issued in book-entry form.

Mortgage-backed Securities means securities issued by the Company or any Affiliate and guaranteed by GNMA or any successor, or securities issued by FNMA, FHLMC, or any successor, which are secured by pools of mortgages.

Mortgage-backed Securities means (1) Pass-Through Certificates, (2) CMOs and (3) REMICs.

Mortgage-backed Securities. Any security, including, without limitation, a participation certificate, that is (a) guaranteed by GNMA that represents an interest in a pool of mortgages, deeds of trusts or other instruments creating a lien on real property; (b) issued by FNMA or FHLMC that represents interests in such a pool; or (c) privately placed and represents undivided interests in or otherwise supported by such a pool.