FHLMC Certificates definition

FHLMC Certificates means single-class certificates issued by FHLMC which represent undivided interests in specified pools of fully amortizing Mortgage Loans, or participation interests in Mortgage Loans purchased by FHLMC, substantially all of which Mortgage Loans are secured by first liens on Residential Real Estate and which are guaranteed by FHLMC as to the timely payment of scheduled interest (at the applicable pass-through rate) and the ultimate collection by a holder of such certificates of all principal on the underlying mortgage loans, to the extent of such holder's pro rata share thereof, and in the case of certain FHLMC Certificates, the timely payment of scheduled principal.
FHLMC Certificates means single-class mortgage participation certificates in book-entry form backed by single-family residential mortgage loans, the full and timely payment of interest at the applicable certificate rate and the ultimate collection of principal of which are guaranteed by the Federal Home Loan Mortgage Corporation (excluding Real Estate Mortgage Investment Conduit (“REMIC”) or other multi-class pass-through certificates, pass-through certificates backed by adjustable rate mortgages and securities paying interest or principal only).
FHLMC Certificates means mortgage participation certificates issued by FHLMC, either in certificated or book-entry form.

Examples of FHLMC Certificates in a sentence

  • Holdings desires to transfer legal and equitable title to the title to the FHLMC certificates and the FNMA certificates listed in Exhibit A attached hereto (respectively, the "FHLMC Certificates" and the "FNMA Certificates"; and collectively, the "Government Securities") to the REIT pursuant to the terms of this Agreement.

  • FHLMC, a corporate instrumentality of the United States, issues FHLMC Certificates representing interests in mortgage loans.

  • The P2P Down Payment Assistance will be (i) available in the Program Area established for the Home Plus Program, subject to modification in the sole discretion of the Authority, and (ii) available only with respect to Conventional Mortgage Loans that will be pooled by the Servicer into FHLMC Certificates, subject to modification in the sole discretion of the Authority.

  • Subject to subparagraphs (ii) and (iii) below, the Discount Factors applied to U.S. Agency Mortgage Collateral, GNMA Certificates, FHLMC Certificates, FNMA Certificates, FHLMC Multifamily Securities and GNMA Graduated Payment Securities shall be determined by reference to the type and term to maturity of such assets in accordance with the table set forth below.

  • The Discount Factor applied to residential mortgage pass-throughs (including private-placement mortgage pass-throughs), GNMA Multifamily Securities, GNMA Certificates, FNMA Certificates, FHLMC Certificates and FHLMC Multifamily Securities shall be determined by reference to the coupon paid by such security in accordance with the table set forth below.

  • The Class of Pass-Through Certificates will bear interest on each payment date in an amount equal to the amounts received as interest payments on the FHLMC Certificates in the Mortgage Pool on such payment date, less the aggregate amount of interest payable on the FHLMC 17 Pass-Through Certificates (other than the Residual Interest Class) on such payment date.

  • The Discount Factor applied to residential mortgage pass-throughs (including private-placement mortgage pass-throughs), Conventional Mortgage Pass-Through Certificates, GNMA Multifamily Securities, GNMA Certificates, FNMA Certificates, FHLMC Certificates and FHLMC Multifamily Securities shall be determined by reference to the coupon paid by such security in accordance with the table set forth below.

  • Safety Officer's Survivors 100,000 100,0002.21 This appropriation is to provide educational 2.25 This appropriation is to provide educational 2.22 benefits under Minnesota Statutes, section 2.26 benefits under Minnesota Statutes, section 2.23 299A.45, to eligible dependent children and 2.27 299A.45, to eligible dependent children and 2.24 to the spouses of public safety officers killed 2.28 to the spouses of public safety officers killed 2.25 in the line of duty.

  • The Discount Factors set forth below shall be deemed to supersede and replace the Discount Factors for Conventional Mortgage Pass-Through Certificates, GNMA Certificates, GNMA Graduated Payment Securities, FNMA Certificates, FHLMC Certificates and FHLMC Multifamily Securities set forth in the Articles Supplementary.

  • If the Trustee does not receive a payment on a MBS Certificate by the close of business on the day such payment is due to be received, the Trustee shall immediately notify, and demand payment, as applicable, from GNMA in accordance with the GNMA Guaranty Agreement with respect to the GNMA Certificates, from FHLMC in accordance with the FHLMC Certificates or from FNMA in accordance with the Pool Purchase Contract with respect to the FNMA Certificates.


More Definitions of FHLMC Certificates

FHLMC Certificates means mortgage participation certificates issued by FHLMC, either in certificate or book-entry form.
FHLMC Certificates means mortgage loan pass-through certificates guaranteed as to timely payment of principal and interest by FHLMC.
FHLMC Certificates means single-class certificates issued by FHLMC which represent undivided interests in specified pools of fully amortizing Mortgage Notes, or participation interests in Mortgage Notes purchased by FHLMC, substantially all of which Mortgage Notes are secured by first liens on Residential Real Estate and which are guaranteed by FHLMC as to the timely payment of scheduled interest (at the applicable pass-through rate) and the ultimate collection by a holder of such certificates of all principal on the underlying mortgage loans, to the extent of such holder's pro rata share thereof, and in the case of certain FHLMC Certificates, the timely payment of scheduled principal.

Related to FHLMC Certificates

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Class C Certificates Any one of the Class C Certificates executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-18, representing the right to distributions as set forth herein and therein and evidencing a regular interest in REMIC 4.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Class B-4 Certificates The Certificates designated as “Class B-4” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class B-5 Certificates The Certificates designated as “Class B-5” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Underlying REMIC Certificates The REMIC Certificates held in the Trust and evidencing beneficial interests in the REMIC Trust. US Bank: U.S. Bank National Association, a national banking association. ARTICLE II The Trust

  • COFI Certificates As specified in the Preliminary Statement.

  • Group 1 Certificates As specified in the Preliminary Statement.

  • Group III Certificates The Group III-A Certificates.

  • New Certificates has the meaning assigned in Section 3.3(a).

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Group II Certificates The Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class AA Certificates means Pass Through Certificates issued by the Class AA Pass Through Trust.

  • Group I Certificates The Class A-1 Certificates.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Class B-2 Certificates All Certificates bearing the class designation of "Class B-2".

  • Retail Certificates A Senior Certificate, if any, offered in smaller minimum denominations than other Senior Certificates, and designated as such in the Series Supplement.

  • Public Certificates The Class X-0, Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-AB, Class X-A, Class A-S, Class B and Class C Certificates.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • REMIC I Certificates The Class R-I Certificates.

  • Exchange Certificates Means the pass through certificates substantially in the form of Exhibit A hereto issued in exchange for the Initial Certificates pursuant to the Registration Rights Agreement and authenticated hereunder.

  • Class X Certificates All Certificates bearing the class designation of "Class X".

  • Class A Certificates The Class A-1, Class A-2, Class A-3 and Class A-4 Certificates.

  • REMIC II Certificates The REMIC II Regular Certificates and the Class R-II Certificates.