Pooled Mortgages means and include all of the following with regard to any and all mortgages backing, or participation interests in mortgages backing, or placed in pools backing, any issuance of securities guaranteed by Xxxxxx Xxx under the MBS Program as to which Issuer is deemed the Issuer: the security instruments and security interests reflected by such mortgages, together with the promissory notes or instruments related thereto and the indebtedness secured thereby, all payments, proceeds, receivables, recoveries, other funds paid, provided or held pursuant to or in connection with any of the foregoing items, all claims or choses in action, insurance or guaranty claims pertaining to the foregoing, the title evidence pertaining to the secured properties, and all other assets, documents, instruments and other papers pertaining to the foregoing and the transactions to which they relate, the Servicing Rights, and the Servicing Income. In the case of home equity conversion mortgage loans (“HECMs”), in addition to the foregoing, “Pooled Mortgages” shall mean and include all of the following with regard to any and all HECM loans related to the participation interests, including participation interests in advances made to borrowers, placed in pools backing any issuance of securities guaranteed by Xxxxxx Xxx under the MBS Program as to which Issuer is deemed the Issuer: amounts related to such participation interests, including, but not limited to, accrued interest on such mortgages, related servicing fees and monthly insurance premiums paid to FHA to maintain mortgage insurance on such mortgages that do not constitute Xxxxxx Participations, as such term is defined in the Guaranty Agreement for HMBS.
Pooled Mortgages shall have the meaning provided in Section 1.01(c)(i).
Pooled Mortgages shall have the meaning assigned to such term in Section 2(f).
Examples of Pooled Mortgages in a sentence
I hereby certify that is an approved Issuer for the Pooled Mortgages (as defined in the Acknowledgment Agreement) under the Xxxxxx Xxx Mortgage-Backed Securities program.
More Definitions of Pooled Mortgages
Pooled Mortgages. Has the meaning set forth in the Granting Clause. Portfolio: Each of (i) the Originated MSR Portfolio, (ii) the Purchased MSR Portfolio, and (iii) any other portfolio identified in, and underlying, a Participation Certificate.
Pooled Mortgages means and include all of the following with regard to any and all mortgages backing, or placed in pools backing, any issuance of securities guaranteed by Xxxxxx Xxx under the MBS Program as to which Issuer is deemed the issuer: the security instruments and security interests reflected by such mortgages, together with the promissory notes or instruments related thereto and the indebtedness secured thereby, all payments, proceeds, receivables, recoveries, other funds paid, provided or held pursuant to or in connection with any of the foregoing items, all claims or choses in action, insurance or guaranty claims pertaining to the foregoing, the title evidence pertaining to the secured properties, and all other assets, documents, instruments and other papers pertaining to the foregoing and the transactions to which they relate, the Servicing Rights, and the Servicing Income.
Pooled Mortgages. As defined in the Granting Clause.