Xxxxxxx Mac Security definition

Xxxxxxx Mac Security means a modified pass-through mortgage-backed participation certificate, evidenced by a book-entry account in a depository institution having book-entry accounts at the Federal Reserve Bank of New York, issued and guaranteed, with respect to timely payment of interest and ultimate payment of principal, by Xxxxxxx Mac and backed by a pool of Xxxxxxx Mac Mortgage Loans, in substantially the principal amount and with substantially the other terms as specified with respect to such Xxxxxxx Mac Security in the related Takeout Commitment, if any.
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Xxxxxxx Mac Security means a single pool, guaranteed mortgage pass-through Xxxxxxx Mac PC Security, issued by Xxxxxxx Mac in book-entry form, recorded in the name of the Trustee or its nominee, guaranteed as to timely payment of principal and interest by Xxxxxxx Mac and backed by Conventional Mortgage Loans in the related Mortgage Pool, with terms as specified in the Program Manual.
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Xxxxxxx Mac Security means a mortgage-backed security received in exchange for mortgage loans sold by the Seller to Xxxxxxx Mac and issued by Xxxxxxx Mac.
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Examples of Xxxxxxx Mac Security in a sentence

  • The Servicer has no obligation to Purchase Mortgage Loans unless such Mortgage Loans are eligible for inclusion in a GNMA Security, Xxxxxxx Mac Security or a Xxxxxx Mae Security; provided, however, that a Mortgage Loan shall not be considered ineligible for inclusion in a GNMA Security as a result of any failure by the Servicer to take such actions as are necessary to obtain GNMA Commitments pursuant to Section 3.01 of the Servicing Agreement.

  • At the time of such notice, the Servicer shall certify the separate amounts of the principal Mortgage Loan balances of all Mortgage Loans within each respective Participating County included in the Pool for such GNMA Certificate, Xxxxxx Mae Security or Xxxxxxx Mac Security for Single Family Residences in each such Participating County.

  • Following the Custodian’s satisfactory review of the applicable documents of the Pool Documentation Package, the Custodian will give initial certification to GNMA, Xxxxxx Mae or Xxxxxxx Mac, as applicable, and the Servicer shall cause a GNMA Certificate, Xxxxxx Mae Security or Xxxxxxx Mac Security to be issued in a principal amount equal to the outstanding principal amount of the Mortgage Loans represented by the Pool Documentation Package.

  • With respect to each Series of Bonds, the Servicer will give the Trustee, the Issuer or the Certificate Purchaser if other than the Trustee or Issuer not less than seven (7) Business Days prior notice of the date a GNMA Certificate, Xxxxxx Mae Security or Xxxxxxx Mac Security will be delivered for purchase.

  • Xxxxxx Mae Security Identifiers begin with the letters A-I or M while Xxxxxxx Mac Security Identifiers begin with the letters Q-Z.

  • The most important areas for the production of fresh water species are at Limpopo, Mpumalanga Lowveld and Northern KwaZulu–Natal.

  • All Mortgage Loans eligible for inclusion in a GNMA Certificate shall be insured by FHA, guaranteed by VA or guaranteed by RD, as applicable, and all Mortgage Loans eligible for inclusion in a Xxxxxx Mae Security or Xxxxxxx Mac Security shall be insured by a PMI Insurer to the extent required by Xxxxxx Mae or Xxxxxxx Mac.


More Definitions of Xxxxxxx Mac Security

Xxxxxxx Mac Security a Mortgage-backed Security guaranteed or issued by Xxxxxxx Mac.
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Xxxxxxx Mac Security means a modified pass-through mortgage-backed participation certificate, evidenced by a book-entry account in a depository institution having book-entry accounts at the Federal Reserve Bank of New York, issued and guaranteed, with respect to timely payment of interest and ultimate payment of principal, by Xxxxxxx Mac and backed by a pool of Xxxxxxx Mac Mortgage Loans in substantially the principal amount and with substantially the other terms as specified with respect to such Xxxxxxx Mac Security in the related Takeout Commitment, if any. “GAAP” means generally accepted accounting principles as in effect from time to time in the United States of America. “Xxxxxx Mae” means the Government National Mortgage Association and its successors in interest, a wholly-owned corporate instrumentality of the government of the United States of America. “Xxxxxx Xxx Guide” means the Xxxxxx Mae Mortgage-Backed Securities Guide, as such Guide may hereafter from time to time be amended. “Xxxxxx Xxx Mortgage Loan” means a mortgage loan that is in Strict Compliance on the related Purchase Date with the eligibility requirements specified for the applicable Xxxxxx Mae Program in the applicable Xxxxxx Xxx Guide, and such mortgage loan has not been purchased out of a Xxxxxx Mae Security.2025 “Xxxxxx Xxx Program” means the Xxxxxx Mae Mortgage-Backed Securities Programs, as described in the Xxxxxx Xxx Guide. 2025 The definition of “Xxxxxx Mae Mortgage Loan” was amended by Amendment No. 1, dated as of September 24, 2021.
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Xxxxxxx Mac Security means a security representing an undivided fractional interest in an Eligible Mortgage Pool, which security is issued and guaranteed as to payment of interest and full collection of principal by Xxxxxxx Mac to an extent consistent with Xxxxxxx Mac’s customary practices.
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Xxxxxxx Mac Security means a modified pass-through mortgage-backed participation certificate, evidenced by a book-entry account in a depository institution having 19 The definition of “Floor” was added by Amendment No. 2, dated as of April 28, 2022.
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Related to Xxxxxxx Mac Security

  • Xxxxxxx Mac Guide The Xxxxxxx Mac Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Fxxxxxx Mac The Federal Home Loan Mortgage Corporation, or any successor thereto.

  • Xxxxxxx Mac The Federal Home Loan Mortgage Corporation, or any successor thereto.

  • Xxxxxxx Act means the Xxxxxxx Antitrust Act of 1890.

  • of a Security means the principal of the Security plus the premium, if any, payable on the Security which is due or overdue or is to become due at the relevant time.

  • Xxxxxxxx Loan means a Subsidized Xxxxxxxx Loan or an Unsubsidized Xxxxxxxx Loan.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • System Security means the secure state of the Grid achieved when the System Operator acts in accordance with its principal performance obligations in relation to common quality and dispatch that are set out in Part 7 of the Code;

  • Xxxxxx Mae The Government National Mortgage Association, or any successor thereto.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Fxxxxx Mae The Federal National Mortgage Association, or any successor thereto.

  • Fxxxxx Mxx Federal National Mortgage Association or any successor thereto.

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Russian Security means a Security issued by a Russian issuer.

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

  • Sxxxxxxx-Xxxxx Act means the Sxxxxxxx-Xxxxx Act of 2002, as amended.

  • Mortgage-Backed Security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • Xxxxx Fargo means Xxxxx Fargo Bank, National Association, a national banking association.

  • Cyber Security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Xxxxxxx Xxxxxxx Policy means the written policy of the Company pertaining to the sale, transfer or other disposition of the Company’s equity securities by members of the Board, officers or other employees who may possess material, non-public information regarding the Company, as in effect at the time of a disposition of any Stock.

  • Xxxxxx Mae Guides The Xxxxxx Xxx Xxxxxxx’ Guide and the Xxxxxx Mae Servicers’ Guide and all amendments or additions thereto.

  • Xxxxxx Mae Guide The Xxxxxx Xxx Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Fxxxxx Mae Guides The Fxxxxx Mxx Selling Guide and the Fxxxxx Mae Servicing Guide and all amendments or additions thereto.

  • Data Security Requirements means, collectively, all of the following to the extent relating to Data Treatment, to any privacy, security, or security breach notification requirements applicable to the Company or any Retained Subsidiary, to the conduct of the Management and Franchise Business, or to any System: (i) PCI-DSS, (ii) the Company’s and the Retained Subsidiaries’ own rules and policies and (iii) applicable Law.