MAF Properties definition
MAF Properties means (1) the real estate owned or leased by MAF and the MAF Subsidiaries and used as a banking related facility; (2) other real estate owned ("MAF REO") by MAF or the MAF Subsidiaries as defined by any other federal or state financial institution regulatory agency with regulatory authority for MAF or the MAF Subsidiaries; (3) real estate that is in the process of pending foreclosure or forfeiture proceedings conducted by MAF or the MAF Subsidiaries; (4) real estate that is held in trust for others by the MAF Subsidiaries; and (5) real estate owned or leased by a partnership or joint venture in which MAF or an MAF Subsidiary has an ownership interest.