Fannie Mae Certificate definition

Fannie Mae Certificate means a single pool, guaranteed mortgage, pass-through certificate, bearing interest at the Pass-Through Rate, issued by Fannie Mae, guaranteed as to timely payment of interest and principal by Fannie Mae and backed by Conventional Mortgage Loans, which will mature not later than the date set forth in the applicable Series Indenture.
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Fannie Mae Certificate means a guaranteed mortgage pass-through Fannie Mae mortgage-backed security issued by Fannie Mae in book-entry form, recorded in the name of the Trustee or its nominee, guaranteed as to timely payment of principal of and interest by Fannie Mae, and backed by the Mortgage Loan.
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Fannie Mae Certificate means a single-pool, guaranteed mortgage pass-through Fannie Mae Mortgage-backed Security, issued by Fannie Mae in book-entry form, the full and timely payment of principal of and interest on which is guaranteed by Fannie Mae, which evidences a proportional undivided interest in a Pool of Conventional Mortgage Loans, all of which loans provide for monthly payments of principal and interest in substantially equal installments for the contractual term of such loans and are fully amortized over the original term to maturity.
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Examples of Fannie Mae Certificate in a sentence

  • As to each Mortgage Loan which is to be included in a Pool represented by a Freddie Mac or Fannie Mae Certificate, with all requirements of the Freddie Mac or Fannie Mae Guide 5.

  • Each Mortgage Loan will be eligible for pooling into a GNMA Certificate, a Fannie Mae Certificate or a Freddie Mac Certificate, as applicable.

  • On , , the Servicer intends to sell to the Trustee a [Ginnie Mae] [Fannie Mae] Certificate in a principal amount equal to $ at a [Ginnie Mae] [Fannie Mae] Certificate Purchase Price of $ , which amount equals 100% of the principal amount (as of the first day of the month in which delivery will occur) of the Mortgage Loans forming the [Ginnie Mae] [Fannie Mae] Pool represented by the [Ginnie Mae] [Fannie Mae] Certificate.

  • Each creates a manual for translating between Jungle and English.

  • The COH/DFM reserves the right to direct the Contractor to purchase specialized parts from suppliers designated by the COH/DFM (See Section 1.4).

  • On each applicable Certificate Purchase Date, the Trustee shall purchase Ginnie Mae Certificates and Fannie Mae Certificates at the Ginnie Mae Certificate Purchase Price and the Fannie Mae Certificate Purchase Price, respectively, from amounts available in the 2019A Mortgage Loan Account in accordance with this subsection 2 unless otherwise instructed by the Department in a Letter of Instructions.

  • The acquisition price to the Servicer (less accrued interest) of each Mortgage Loan in the [Ginnie Mae] [Fannie Mae] Pool represented by the [Ginnie Mae] [Fannie Mae] Certificate was 100% of the outstanding principal balance of the Mortgage Loan at the time of purchase thereof.

  • Service and Fee Schedules While some regulatory bodies negotiate service and fee schedules for members, these kinds of negotiations are usually conducted by other groups (e.g., the AMA, labour unions representing professional employees).

  • Sufficient amounts are available in the appropriate Accounts to pay the applicable Ginnie Mae Certificate Purchase Price or Fannie Mae Certificate Purchase Price, as the case may be.

  • Validation is the process to test the extent to which an instrument measures what is intended to do.


More Definitions of Fannie Mae Certificate

Fannie Mae Certificate means a guaranteed mortgage pass-through Fannie Mae Mortgage- Backed Security (or participation therein) bearing interest at the applicable pass-through rate, issued by Fannie Mae in book-entry form, transferred to the account of the Trustee or its nominee (or any successor or transferee), guaranteed as to timely payment of principal and interest by Fannie Mae and backed by Conventional Mortgage Loans in the related Fannie Mae pool.
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Fannie Mae Certificate means a single pool, guaranteed mortgage pass‑through certificate, bearing interest at the Pass‑Through Rate, issued by Fannie Mae, guaranteed as to timely payment of interest and principal by Fannie Mae and backed by Conventional Mortgage Loans, which will mature not later than the date set forth in the applicable Series Indenture.
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Fannie Mae Certificate means a guaranteed mortgage pass-through certificate issued by Fannie Mae, the full and timely payment of principal and interest of which is guaranteed by Fannie Mae and which represents a proportional undivided ownership interest in a pool of fixed-rate mortgage loans secured by mortgages on one- to four-family residences and which is granted to the Trustee under the Indenture.
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Fannie Mae Certificate means a guaranteed mortgage pass-through Fannie Mae Mortgage-Backed Security, providing for the final regularly scheduled payment thereunder to be made no later than the date specified in the applicable Certificate Regarding Purchase Prices, issued by Fannie Mae in book-entry form, transferred to the account of the Trustee or its nominee (or any successor or transferee), guaranteed as to timely payment of principal and interest by Fannie Mae and backed by Conventional Mortgage Loans in the related Fannie Mae Pool, with a latest loan maturity date not later than the date specified in the applicable Certificate Regarding Purchase Prices.
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Related to Fannie Mae Certificate

  • Single Certificate With respect to any Class of Certificates (other than the Class P Certificates and the Residual Certificates), a hypothetical Certificate of such Class evidencing a Percentage Interest for such Class corresponding to an initial Certificate Principal Balance or Notional Amount of $1,000. With respect to the Class P Certificates and the Residual Certificates, a hypothetical Certificate of such Class evidencing a 20% Percentage Interest in such Class.

  • Type Certificate has the meaning set out in Clause 7.1.

  • Servicing Certificate A certificate completed and executed by a Servicing Officer on behalf of the Master Servicer in accordance with Section 4.01 of the Servicing Agreement.

  • Fannie Mae Transfer As defined in Section 13 hereof.

  • Class CE Certificate Any one of the Class CE Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-16 and evidencing (i) a Regular Interest in REMIC IV, (ii) the obligation to pay Net WAC Rate Carryover Amounts and Swap Termination Payments and (iii) the right to receive the Class IO Distribution Amount.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Flood Certificate means a “Standard Flood Hazard Determination Form” of the Federal Emergency Management Agency and any successor Governmental Authority performing a similar function.

  • Freddie Mac Transfer As defined in Section 13 hereof.

  • Master Servicer Certification A written certification covering servicing of the Mortgage Loans by all Servicers and signed by an officer of the Master Servicer that complies with (i) the Xxxxxxxx-Xxxxx Act of 2002, as amended from time to time, and (ii) the February 21, 2003 Statement by the Staff of the Division of Corporation Finance of the Securities and Exchange Commission Regarding Compliance by Asset-Backed Issuers with Exchange Act Rules 13a-14 and 15d-14, as in effect from time to time; provided that if, after the Closing Date (a) the Xxxxxxxx-Xxxxx Act of 2002 is amended, (b) the Statement referred to in clause (ii) is modified or superceded by any subsequent statement, rule or regulation of the Securities and Exchange Commission or any statement of a division thereof, or (c) any future releases, rules and regulations are published by the Securities and Exchange Commission from time to time pursuant to the Xxxxxxxx-Xxxxx Act of 2002, which in any such case affects the form or substance of the required certification and results in the required certification being, in the reasonable judgment of the Master Servicer, materially more onerous than the form of the required certification as of the Closing Date, the Master Servicer Certification shall be as agreed to by the Master Servicer, the Depositor and the Seller following a negotiation in good faith to determine how to comply with any such new requirements.

  • Certificate re Non-Bank Status means a certificate substantially in the form of Exhibit F.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Merchandise certificate means a writing not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.

  • Private Certificate As specified in the Preliminary Statement.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Fannie Mae The Federal National Mortgage Association, or any successor xxxxxto.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Applicable Certificate Has the meaning specified in Section 1.01 of this Trust Supplement.

  • Non-Bank Certificate has the meaning specified in Section 3.01(b).

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Non-Serviced Mortgage Loan means a Mortgage Loan included in the Trust but serviced under another agreement. There are no Non-Serviced Mortgage Loans in the Trust.

  • Income Certification means a Tenant Income Certification and a Tenant Income Certification Questionnaire in the form attached as Exhibit B hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Class K Certificate means any of the Certificates with a "Class K" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Special Hazard Mortgage Loan A Liquidated Mortgage Loan as to which a Special Hazard Loss has occurred.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Non-MERS Mortgage Loan Any Mortgage Loan other than a MERS Mortgage Loan.