Agency Security definition

Agency Security means a mortgage-backed security issued by an Agency.

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Agency Security means a Mortgage-backed Security issued or guaranteed by ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae.

Agency Security. A fully modified pass-through mortgage-backed certificate guaranteed by GNMA, a guaranteed mortgage pass-through certificate issued by ▇▇▇▇▇▇ ▇▇▇, or a mortgage participation certificate issued by ▇▇▇▇▇▇▇ Mac, in each case representing or backed by the Mortgage Pool which is the subject of a Transaction. The particular Agency Security for the relevant Agency is alternatively referred to as, with respect to (x) GNMA, “GNMA Securities”, (y) ▇▇▇▇▇▇ ▇▇▇, “▇▇▇▇▇▇ ▇▇▇ Securities”, and (z) ▇▇▇▇▇▇▇ Mac, “▇▇▇▇▇▇▇ Mac Securities”.

Examples of Agency Security in a sentence

• To the extent required by applicable law or necessary to issue and/or service, as applicable, an Agency Security, the Seller and Servicer possess all Agency Approvals and are in good standing with each Agency.

• With respect to Pooled Mortgage Loans being placed in an Agency Security, the Custodian has certified such Pooled Mortgage Loans to the applicable Agency for the purpose of being swapped for an Agency Security backed by such pool, in each case, in accordance with the terms of the applicable Agency guidelines.

• With respect to each Pooled Mortgage Loan being placed in an Agency Security, no Security Issuance Failure shall have occurred.

• As to the Agency Security being issued with respect to Pooled Mortgage Loans, Buyer or the agent under a joint securities account control agreement has been listed as the sole subscriber thereto.

• No event has occurred, and neither Seller nor Servicer has any reason whatsoever to believe or suspect an event may occur, prior to the issuance of the Agency Security (including a change in insurance coverage), which would either make Seller or Servicer, as applicable, unable to comply with the eligibility requirements for maintaining all such Agency Approvals or require notification to the relevant Agency or to HUD, FHA or VA.

More Definitions of Agency Security

Agency Security means a mortgage-backed security issued by an Agency including a GNMA Security.

Agency Security means a Mortgage-backed Security issued or guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

Agency Security means a security issued in exchange for Purchased Mortgage Loans and backed by such Purchased Mortgage Loans that is (a) guaranteed by ▇▇▇▇▇▇ ▇▇▇ or (b) issued by ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ ▇▇▇.

Agency Security means a mortgage-backed security issued or fully guaranteed as to the receipt of timely interest and ultimate principal by an Agency and is backed by a pool of Eligible Mortgage Loans, in substantially the principal amount and with substantially the other terms as specified with respect to such security in the related Takeout Commitment. The particular Agency Security for the relevant Agency is alternatively referred to as: “GNMA Securities” (in the case of ▇▇▇▇▇▇ Mae), “▇▇▇▇▇▇ ▇▇▇ Securities” (in the case of ▇▇▇▇▇▇ Mae) and “▇▇▇▇▇▇▇ Mac Securities” (in the case of ▇▇▇▇▇▇▇ Mac).

Agency Security shall refer to a GNMA Security, a FNMA Security or a FHLMC Security;

Agency Security means a Mortgage-Backed Security either (a) issued by an Agency or (b) issued by Seller, guaranteed by VA or RD or insured by FHA, and comprised of VA Loans, RD Loans or FHA Loans, as applicable.

Agency Security. A ▇▇▇▇▇▇ Mae Agency Security that is Conveyed to the Trustee under this Agreement as part of the Trust Fund. The term “Agency Securities” means all ▇▇▇▇▇▇ ▇▇▇ Agency Securities Conveyed to the Trustee under this Agreement as part of the Trust Fund. The term “outstanding Agency Securities” as of any date means all of the Agency Securities other than any Agency Securities that have been fully paid as of such date.