Xxxxxx Xxx MBS definition

Xxxxxx Xxx MBS means Xxxxxx Mae I MBS and Xxxxxx Xxx XX MBS issued by Seller and guaranteed by Xxxxxx Mae, backed by pools of Xxxxxx Xxx eligible mortgage loans insured or guaranteed by the FHA, USDA or VA, as applicable, the issuance of which, and the servicing of such Xxxxxx Mae eligible mortgage loans by Seller, being governed in all respects by the Xxxxxx Xxx Contract.
Sample 1Sample 2
Xxxxxx Xxx MBS means a mortgage-backed security issued by Xxxxxx Mae to or at the direction of the Company pursuant to Xxxxxx Mae’s MBS/DUS product line (a) in exchange for the delivery by the Company to Xxxxxx Mae of a DUS Mortgage Loan pursuant to a Xxxxxx Xxx MBS Commitment, and (b) backed by such DUS Mortgage Loan.
Sample 1
Xxxxxx Xxx MBS means Xxxxxx Mae I MBS and Xxxxxx Xxx XX MBS where either (A) Seller is the Issuer of record, or (B)(i) Seller has entered an Assignment Agreement and consummated a purchase and sale transaction with an eligible Xxxxxx Mae approved issuer to acquire MSRs, (ii) Xxxxxx Xxx has approved and consented to such acquisition of MSRs by executing the Assignment Agreement, and (iii) Seller has started servicing the Mortgage Pools related to such MSRs and collecting payments from the borrowers, but (iv) Xxxxxx Mae’s system has not yet recorded Seller as the Issuer of record and such MBS are guaranteed by Xxxxxx Xxx, backed by pools of Xxxxxx Mae eligible mortgage loans in accordance with section 306(g) of the National Housing Act, 12 U.S.C. §1721(g), the issuance of which, and the servicing of such Xxxxxx Xxx eligible mortgage loans by Seller, being governed in all respects by the Xxxxxx Mae Contract.
Sample 1

Examples of Xxxxxx Xxx MBS in a sentence

  • The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller's and Servicer's Guide, as amended or restated from time to time.

  • For MH pools: Sections 13-4(A) and 30-4(A)(1) of the Xxxxxx Xxx MBS Guide, Rev.

  • For MH pools: Sections 13-4(B) and 30-4(A)(2) of the Xxxxxx Xxx MBS Guide, Rev.

  • For HMBS pools: Sections 13-4(A) and 35-8 of the Xxxxxx Xxx MBS Guide, Rev.

  • For PL, PN, LM, RX and LS pools: Sections 13-4(B), and 31-10 of the Xxxxxx Xxx MBS Guide, Rev.

  • The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time.

  • The institution that Xxxxxx Mae employs to act on its behalf to debit Issuer’s Central P&I Custodial Account, to pay Xxxxxx Xxx XX Security Holders, to collect Xxxxxx Mae guaranty fees, and to perform other duties with respect to Xxxxxx Xxx MBS.

  • The disbursement account for principal and interest funds must be used exclusively for funds relating to Xxxxxx Xxx MBS program securities.

  • At the Borrower’s request the Lender shall quote to the Borrower an estimate of the MBS Pass-Through Rate (for a proposed Fixed Facility Advance) or MBS Imputed Interest Rate (for a proposed Variable Advance) for a Xxxxxx Xxx MBS backed by a proposed Advance.

  • The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Servicer's Guide, unless the Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac.


More Definitions of Xxxxxx Xxx MBS

Xxxxxx Xxx MBS. As to any Trust Fund comprised in whole or in part of one or more Xxxxxx Mae Guaranteed Mortgage Pass- Through Certificates, any one of such Xxxxxx Xxx Guaranteed Mortgage Pass- Through Certificates.
Sample 1
Xxxxxx Xxx MBS means an MBS issued by Xxxxxx Mae.
Sample 1
Xxxxxx Xxx MBS means a Xxxxxx Xxx I MBS or a Xxxxxx Xxx XX MBS with respect to which the Company is the issuer of record and that is guaranteed by Xxxxxx Xxx, backed by pools of Xxxxxx Xxx eligible mortgage loans in accordance with Section 306(g) of the National Housing Act, 12 U.S.C. Section 1721(g), the issuance of which and the servicing of such Xxxxxx Xxx eligible mortgage loans by the Company are governed in all respects by the Xxxxxx Xxx Contract.
Sample 1

Related to Xxxxxx Xxx MBS

  • Xxxxxx Xxx The Federal National Mortgage Association or any successor thereto.

  • Xxxxx XX The segregated pool of assets consisting of all of the REMIC I Regular Interests conveyed in trust to the Trustee, for the benefit of the Holders of the REMIC II Regular Interests and the Holders of the Class R (as holders of the Class R-II Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

  • Xxxxxx Xxxx “Xxx Xxxxxxx”

  • Xxxxx Xxxx has the same meaning as “CAISO Controlled Grid” as defined in the CAISO Tariff.

  • Xxxx XXX Means an individual retirement account as defined in Code Section 408A.

  • Xx. Xxxx xxxxx Xxxxxx Xxxxxx generally accepted accounting principles consistently applied.

  • Xxxx Xxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xxxxxxx Xxxx Xxxx Xxxxx”

  • Xxx Xxxx whose address and tax identification number shall be provided within five (5) days after this Settlement Agreement is fully executed by the Parties;

  • Xxx Xxxxxx Xxxx Xxxxx” ”Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxx Xxxxxx “Xxx Xxxx”

  • Xxx Xxxxx “Xxxxxxx Xxxxxxxxx”

  • XXX Xxx xxans the Hart-Xxxxx-Xxxxxx Xxxitrust Improvements Act of 1976, as amended.

  • Xxxxx Xxxxxx Xxxx Xxxxxx”

  • Xxxxxx Xxxxx Xxxx Xxxxxx”

  • Xxxxxxxx Xxxx means the type of charge that a xxxxxxx has on somebody else’s goods when he does work on the goods. The xxxxxxx may keep the goods until he is paid for the work and if he is not paid he may sell them. A mechanic will have a xxxxxxx’x xxxx on your car if he does work on it at his garage. Any expression not described or defined in this agreement shall have the meaning given to it in the Credit Contracts and Consumer Finance Act 2003 unless the context requires otherwise. Unless the context prevents it, the singular shall include the plural and vice versa and one gender includes others to the effect that, for example, “he” includes “they”, “she” and “it”.

  • Xxxx Xxxxxxx Xxxxxx Xxxxx” ”Xxxxxx Xxxxxx” ”Xxxxx Xxxxxxxx”

  • Xxx Xxxxxxx “Xxxxx Xxxxxxx” “Xxxxx Xxxxx”

  • X.X. Xxxxxx shall have the meaning set forth in the preamble.

  • Xxxx Xxxxx Xxxxx Xxxxxxx” ”Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Xxxxx Xxxxx “Xxx Xxxxxx”

  • XX Xxxxx “Xxx Xxxxxxx”

  • Xxxxxxx Xxxxx means Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

  • Xxxxxx Xxxxxx “Xxxxx Xxxxxxxx”

  • Xxxxx Xxxxxxx Xxxxx Xxxxxxxx” ”Xxxxxxxxx Xxxxxxx” ”Xxxxx Xxxxxx”

  • Sxxxxxxx-Xxxxx means the Sxxxxxxx-Xxxxx Act of 2002.