FNMA Pool definition
Examples of FNMA Pool in a sentence
The latest date for the posting of transactions by the Seller shall be the close of business July 31, 1999 for the Buyer Owned Mortgage Loans and August 30, 1999 for the Mortgage Loans in the FNMA Pool; provided that in the event the applicable Transfer Date is extended in accordance with this Section 2.05.01, such transaction posting deadline shall be extended a like number of days.
The Transfer Date shall be: with respect to the Buyer Owned Mortgage Loans, August 11, 1999; and with respect to the Mortgage Loans in the FNMA Pool, September 1, 1999; provided that in the event the conditions for transfer for such Mortgage Loans have not been met by either such date, the applicable Transfer Date shall be postponed at the option of Buyer until such conditions for transfer have been satisfied, but not to exceed 60 days.
On the applicable Transfer Date, Seller shall transfer all REO Property acquired in connection with liquidation of a loan which is or was a Mortgage Loan in the FNMA Pool, except any Pending Disposition REO Property, together with any account maintained in accordance with FNMA requirements, to the extent such treatment is consistent with FNMA requirements.