GNMA Pool definition

GNMA Pool means the assemblage of Mortgage Loans backing the issuance of GNMA Certificates.
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GNMA Pool means, as applicable under the circumstances, a "pool" of Mortgage Loans assembled in accordance with (and as such term is used in) the GNMA Guide.
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GNMA Pool shall include Mortgage Pools consisting of Mortgage Loans.
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Examples of GNMA Pool in a sentence

  • Any failure to record the advance of any Loan or GNMA Pool Advance Loan, the interest rate applicable thereto or any other information regarding the Obligations, or any error in doing so, shall not limit or otherwise affect the obligation of the Company with respect to any of the Obligations.

  • Nothing contained herein shall affect the liability of any Lender for its failure to make its Multi-Year Facility Percentage Share of Multi-Year Loans or its Short Term Facility Percentage Share of Short Term Loans or its other Loans or GNMA Pool Advance Loans available to the Company as required pursuant to this Agreement and the other Credit Documents.

  • The Company shall pay interest on GNMA Pool Advance Loans from the date advanced to but not including the date of payment calculated at such rates and at such times as may be established in writing from time to time by the Company and the GNMA Pool Advance Lender.

  • The provisions hereof shall survive termination of this Agreement and payment of the outstanding Loans and GNMA Pool Advance Loans and all other Obligations.

  • The provisions hereof shall survive the termination of this Agreement and payment of the outstanding Loans and GNMA Pool Advance Loans and all other Obligations.

  • The Bank shall deliver the Pool Mortgages to the GNMA Pool Custodian against a properly executed GNMA Pool Custodian Letter simultaneously with the delivery of Form HUD 11705 to such GNMA Pool Custodian.

  • On the terms and subject to the conditions set forth in the GNMA Pool Advance Agreement, the GNMA Pool Advance Lender agrees that it shall, from time to time to but not including the Multi-Year Facility Maturity Date, make loans (the “GNMA Pool Advance Loans” or a “GNMA Pool Advance Loan”) to the Company in an aggregate amount not to exceed the GNMA Pool Advance Commitment.

  • If such Lender shall repay to the Managing Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Multi-Year Facility Percentage Share or Short Term Facility Percentage Share, as applicable, of the subject Loan or, as applicable, the other subject Loans or the subject GNMA Pool Advance Loans for all purposes of the Credit Documents.

  • The proceeds of the GNMA Pool Advance Loans shall be used solely for the purpose of fulfilling the Company's obligations to GNMA as described in the GNMA Pool Advance Agreement.

  • The Company hereby agrees that, as long as any Obligations ------------------ remain unpaid or any Lender has any obligation to make or purchase all or any portion of any Loans or to make GNMA Pool Advance Loans hereunder, the Company shall not, directly or indirectly: 10(a)....


More Definitions of GNMA Pool

GNMA Pool means a Mortgage Pool held in connection with a GNMA Certificate. The term “GNMA Pool” shall include Mortgage Pools consisting of Mortgage Loans.
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GNMA Pool means the assemblage of ▇▇▇▇ ▇▇▇▇ Loan s backing the issu ance of GNMA Cer t ificat es. "Inden tur e" m ean s the ▇▇▇▇ ▇▇ Inden ture as it may be supplemented by any one or more Supplemental Indentures from t ime to time.
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GNMA Pool means a pool of Conforming FHA/VA Mortgages certified to the GNMA Transfer Agent under HUD Form 11706 with respect to which a GNMA Certificate shall be issued.
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GNMA Pool means the assemblage of Mortgage Loans b acking the issuance of GNMA Certificates.
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Related to GNMA Pool

  • Pool means a voluntary arrangement, established on an ongoing basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis. The pool may operate through an association, syndicate, or other pooling agreement.

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.