Fannie Mae Security definition

Fannie Mae Security means an ownership interest in a pool of Fannie Mae Mortgage Loans, 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 Fannie Mae and backed by a pool of Fannie Mae Mortgage Loans, in substantially the principal amount and with substantially the other terms as specified with respect to such Fannie Mae Security in the related Takeout Commitment, if any.

Fannie Mae Security means a single pool, Mortgage-Backed Security issued by Fannie Mae, registered or recorded in book-entry form in the name of the Trustee or its nominee, guaranteed as to timely payment of principal and interest by Fannie Mae and backed by Mortgage Loans in the related Mortgage Pool.

Fannie Mae Security means (i) a single pool, guaranteed mortgage pass-through Fannie Mae mortgage-backed security, providing for the regularly scheduled monthly payments and any prepayments thereunder, bearing interest at the applicable Pass-Through Rate issued by Fannie Mae in book-entry form, recorded in the name of the Trustee or its nominee for the benefit of the Bondholders, guaranteed as to timely payment of principal and interest by Fannie Mae and backed by Conventional Mortgage Loans in the related mortgage pool, and (ii) Uniform Mortgage-Backed Securities issued by Fannie Mae.

Examples of Fannie Mae Security in a sentence

• In this example we shall use verbiage from a standard Fannie Mae Security Instrument1: 20.

• Transfer of Underlying Securities to a Series TrustThe Underlying Securities transferred to a Series Trust will be identiÑed in a Fannie Mae Security Schedule appearing as an exhibit to the Trust Agreement for such Series Trust.

• On the applicable Bond Issuance Date, the Trustee, on behalf of the Corporation, shall purchase such Xxxxxx Mae Security, Xxxxxx Xxx Security or Xxxxxxx Mac PC at the Xxxxxx Xxx Security Acquisition Price, Fannie Mae Security Acquisition Price or Xxxxxxx Mac PC Acquisition Price, respectively.

• Mortgages meeting the then-current criteria set forth in the Government National Mortgage Association (GNMA) Guide, the Freddie Mac Guide or Fannie Mae Guide which are (1) eligible for inclusion in a GNMA Certificate insured by the FMA or guaranteed by VA or RD, as applicable, or (2) eligible for inclusion in a Fannie Mae Security or Freddie Mac Security and insured by a PMI insurer to the extent required by Fannie Mae or Freddie Mac, as applicable, are deemed approved by the Authority.

More Definitions of Fannie Mae Security

Fannie Mae Security means a single pool, guaranteed mortgage pass-through Fannie Mae mortgage-backed security, bearing interest at the applicable Pass-Through Rate, 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 and interest by Fannie Mae, and backed by Mortgage Loans in the related pool.

Fannie Mae Security xxxxx an ownership xxxxxxsx xn a pool of Fannie Mae Mortgage Loans, evidenced by x xxxx-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 Fannie Mae and backed by a pool of Fannix Xxx Mxxxgage Loans, in substantiaxxx xxe principal amount and with substantially the other terms as specified with respect to such Fannie Mae Security in the related Takeoxx Xxxmxxxent, if any.