MBS Pool definition

MBS Pool. With respect to each MBS, the corpus of the related trust fund created by this Agreement, consisting of (i) the related Mortgages and all proceeds thereof, (ii) amounts on deposit in the Custodial Account, to the extent allocable to such MBS Pool, (iii) the right to receive payments under the related guarantee and (iv) any other assets specified in the related Pool Supplement, excluding any investment earnings on any of the assets of that Pool. With respect to each MBS Pool, and unless expressly stated otherwise, the provisions of this Agreement will be interpreted as referring only to the Mortgages included in that Pool, the MBS issued by that Pool and the Holders of those MBS.
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MBS Pool. With respect to each MBS, the corpus of the related trust fund created by this Agreement, consisting of (i) the related Mortgages and all proceeds thereof, (ii) amounts on deposit in the Custodial Account, to the extent allocable to such MBS Pool, (iii) the right to receive payments under the related guarantee and (iv) any other assets specified in the related Pool Supplement, excluding any investment earnings on any of the assets of that Pool. With respect to each MBS Pool, and unless expressly stated otherwise, the provisions of this Agreement will be interpreted as referring only to the Mortgages included in that Pool, the MBS issued by that Pool and the Holders of those MBS. Monthly Reporting Period: The period, which period the Administrator has the right to change as provided in Section 3.05(d) of this Agreement, during which servicers report Mortgage payments to the Administrator. The Monthly Reporting Period for all payments is generally from the 1st of a month through the last calendar day of that month. Accordingly, for any Payment Date, the applicable Monthly Reporting Period generally is the calendar month preceding that Payment Date.
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MBS Pool means pools of Mortgage Loans that are sold into securities.
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Examples of MBS Pool in a sentence

  • For MBS deliveries, the Schedule of Mortgages must be submitted through the MORNET MBS Pool Submission System®.

  • The amount of interest required to be paid by the Servicer to MBS Pool security holders due to shortfalls in interest collected as a result of prepayments in full or partial prepayments.

  • MBS: A mortgage-backed security guaranteed by ▇▇▇▇▇▇▇ Mac and designated by ▇▇▇▇▇▇▇ Mac as an MBS, representing an undivided beneficial ownership interest in an MBS Pool.

  • Mortgage: A residential mortgage loan or participation therein that bears interest at a fixed rate or an interest rate subject to Step Rate Increases, and which has been acquired directly or indirectly by ▇▇▇▇▇▇▇ Mac and is in a UMBS Pool, MBS Pool, Mirror Pool, Pass-Through Pool or other trust fund.

  • MBS: A mortgage-backed security guaranteed by Freddie Mac and designated by Freddie Mac as an MBS, representing an undivided beneficial ownership interest in an MBS Pool.


More Definitions of MBS Pool

MBS Pool. The corpus of a trust fund created by a UMBS and MBS Agreement and any related pool supplement, consisting of a pool of Mortgages and related assets. Mirror Certificates: A mortgage-backed security guaranteed by Freddie Mac and designated by Freddie Mac as a Giant Mortgage-Backed Securities Mirror Certificate, a Mortgage-Backed Securities Mirror Certificate, a Supers Mirror Certificate or a Uniform Mortgage-Backed Securities Mirror Certificate, in each case representing an undivided beneficial ownership interest in a Mirror Pool.
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Related to MBS 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.

  • Receivables Pool means, at any time, all of the then outstanding Receivables purchased by the Seller pursuant to the Sale Agreement prior to the Facility Termination Date.

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

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Portfolio Adjusted Yield means, with respect to any Transfer Date, the average of the percentages obtained for each of the three preceding Monthly Periods by subtracting the Base Rate from the Portfolio Yield for such Monthly Period and deducting 0.5% from the result for each Monthly Period.