GNMA. The Government National Mortgage Association, or any successor thereto.
GNMA. The Government National Mortgage Association, a wholly owned corporate instrumentality of the United States within HUD.
GNMA means the Government National Mortgage Association.
Examples of GNMA in a sentence
The Trustee shall confirm with the Master Servicer by the close of business on the Business Day preceding each payment date of the Mortgage Certificates that the Master Servicer has arranged for deposit of the principal and interest on the applicable Mortgage Certificates or, if the Master Servicer has failed to arrange for the deposit of such MBS Interest, the Trustee shall notify GNMA or FNMA, as applicable, of such failure.
Notwithstanding the foregoing, any failure of the Trustee to demand payment from GNMA, FHLMC and/or FNMA, as the case may be, shall not act as a waiver of any obligation on the part of GNMA, FHLMC and FNMA to make timely payments on the Mortgage Certificates.
More Definitions of GNMA
GNMA means the Government National Mortgage Association and any successor thereto.
GNMA means the Government National Mortgage Association or any successor thereto.
GNMA means Government National Mortgage Association.
GNMA means the Government National Mortgage Association, a wholly owned corporate instrumentality of the United States within HUD, and any successor to its functions. Its powers are prescribed generally by Title III of the National Housing Act, as amended (12 X.X.X., §0000 et. seq.).
GNMA means the Government National Mortgage Association or other agency, corporation or instrumentality of the United States as to which the powers and duties of the Governmental National Mortgage Association have been transferred.
GNMA the Government National Mortgage Association. group: In a multiple-pool series, the classes related to a pool; in a single-pool series, all the classes. group target-rate class percentage: For one or more target-rate classes of a group, the ratio of the classes’ principal balance to the principal balance of all target-rate classes of the group, expressed as a percentage. For a single pool series, the group target-rate class percentage is the same as the target-rate class percentage. Guide: The CitiMortgage, Inc. Servicing Guide, being the manual relating to CitiMortgage’s mortgage loan purchase program, as revised or supplemented from time to time. high-cost mortgage loan: A “high cost loan,” “high-rate, high-fee mortgage,” “covered loan,” or similar loan under any predatory lending law, if the law contains provisions that may result in liability of the Trust Fund as a purchaser or assignee of the loan. holder: Has the same meaning as “certificate holder.” hypothetical mortgage loan: A non-existent mortgage loan that, combined with one or more other hypothetical mortgage loans, would have the same interest and principal payments as an actual mortgage loan. Example: A mortgage loan having a principal balance of $100,000 and a pass-through rate of 8% could be divided into two hypothetical mortgage loans, the first having a $100,000 principal balance and a pass-through rate of 7% per annum, and the second an IO loan having a $100,000 principal balance and a pass-through rate of 1% per annum. References to the hypothetical mortgage loans in the target-rate strip will include those actual mortgage loans whose pass-through rates equal the target rate. independent accountants : Accountants who are “independent” within the meaning of Rule 2-01(b) of the Securities and Exchange Commission’s Regulation S-X under the Exchange Act.