Mortgage-Backed Security definition

Mortgage-Backed Security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

Mortgage-Backed Security means a security (including, without limitation, a participation certificate) that is an interest in a pool of Mortgage Loans or is secured by such an interest.

Mortgage-Backed Security. Any fully-modified pass-through mortgage-backed security that is (a) either issued by a Guarantor and fully guaranteed by Xxxxxx Mae or issued and fully guaranteed with respect to timely payment of interest and ultimate payment of principal by Xxxxxx Xxx or Xxxxxxx Mac; (b) evidenced by a book-entry account in a depository institution having book-entry accounts at the applicable Depository; and (c) backed by a Pool, in substantially the principal amount and with substantially the other terms as specified with respect to such Mortgage-Backed Security in the related Purchase Commitment.

Examples of Mortgage-Backed Security in a sentence

• Rate Mortgage-Backed Security (ARM); the rate shown is the effective rate at period end.

• The following terms defined in Section 1.01 of the Trust Agreement are modified to have the following meanings for the Series of Certificates authorized hereby: Certificate: A Guaranteed Agricultural Mortgage-Backed Security, which, in the case of all Classes of Certificates, shall be issued in book-entry form and maintained in the name of a record owner as an entry on the books of a Reserve Bank under a designation specifying the Series, Class and denomination thereof.

• A pool of fully amortizing first lien residential Mortgage Loans eligible in the aggregate to back a Mortgage-Backed Security.

• REIT Real Estate Investment Trust SOFR Secured Overnight Financing Rate SONIA Sterling Overnight Index Average TBA To Be Announced UMBS Uniform Mortgage-Backed Security Abbreviations indicate amounts shown in currencies other than the U.S. dollar.

• The purchase price to be paid for a Purchased Asset or related Mortgage-Backed Security by the related Approved Investor pursuant to the related Purchase Commitment.

More Definitions of Mortgage-Backed Security

Mortgage-Backed Security means a mortgage pass-through security, collateralized mortgage obligation, real estate mortgage investment conduit or other security that: (a) is based on and backed by an underlying pool of mortgage loans; and (b) provides for payment by its issuer to its holder of a specified principal installments and/or fixed or floating rate of interest on the unpaid balance and for all prepayments to be passed through to its holder.

Mortgage-Backed Security means a security (including a participation certificate) that is (a) guaranteed by GNMA that represents interests in a pool of loans that (i) are secured by mortgages, deeds of trust or other instruments creating a Lien on property which is improved by a completed single family dwelling (one-to-four family unit) or (ii) are Coop Loans or (b) issued by FNMA, FHLMC or other Persons that represents interests in such a pool.

Mortgage-Backed Security means debt obligations, including

Mortgage-Backed Security means indebtedness, a participation in indebtedness, or other interest in indebtedness secured by a mortgage lien upon real estate, or a participation in or other interest in a syndicate, pool, trust, or other entity consisting of indebtedness secured by a mortgage lien upon real estate.

Mortgage-Backed Security or "MBS": Any mortgage participation, mortgage pass-through certificate, collateralized mortgage obligation or other security representing an interest in, or evidencing a debt secured by, one or more Mortgage Loans.

Mortgage-Backed Security. Either (i) a certificate issued under a trust agreement representing 100% ownership of a Delaware business trust that has issued bonds secured by a pool of Mortgage Assets; (ii) a subordinated bond issued by a Delaware business trust that has issued bonds under an indenture secured by a pool of Mortgage Assets; or (iii) a certificate issued under a pooling and servicing agreement or note issued under an indenture in each case secured by a pool of Mortgage Assets.

Mortgage-Backed Security means any security (including a participation certificate) issued by FHLMC, FNMA or any other Person, or guaranteed by GNMA, that represents an interest in a pool of Mortgage Loans.