Mortgage Derivatives definition

Mortgage Derivatives means IOs (interest only), POs (principal only) mortgage securities and residuals or collateralized mortgage obligations defined as high-risk mortgage securities by the Federal Financial Institutions Examination Council (FFIEC), provided, however, that in no event shall the foregoing include fixed and floating CMO Bonds that fail the FFIEC Test due to higher average life volatility, initial average life or price sensitivity.
View Source
Mortgage Derivatives means IOs (interest only) and POs (principal only) mortgage securities and residuals as defined or otherwise classified by the Federal Financial Institutions Examination Council (FFIEC).
View Source

Examples of Mortgage Derivatives in a sentence

  • The Company shall, as of the last day of each month, cause Mortgage Derivatives held by its Banking Subsidiaries to be in an amount not in excess of $20,000,000.

  • ATTENTION: Mr. Jeff Staab TELEPHONE: 1-818-225-3279 FACSI▇▇▇▇: 1-818-225-4010 FROM: Derivatives Document▇▇▇▇▇ ▇▇▇▇▇▇▇▇E: 212-272-2711 FACSIMILE: 212-272-9857 SUBJECT: Mortgage Derivatives C▇▇▇▇▇▇▇▇▇▇▇ and Agreement REFERENCE NUMBER: CXCWL07S2 The purpose of this letter agreement ("Agreement") is to confirm the terms and conditions of the Transaction entered into on the Trade Date specified below (the "Transaction") between Bear Stearns Capital Markets Inc.

  • The Company shall, as of the last day of each month, cause Mortgage Derivatives held by its Banking Subsidiaries to be in an amount not more than the greater of (a) $15,000,000 or (b) 7.5% of the aggregate market value of each such Banking Subsidiary's securities portfolio.

  • The Company shall, as of the last day of each month, cause Mortgage Derivatives held by its Banking Subsidiaries to be in an amount not in excess of $15,000,000.

  • DATE: February 28, 2006 TELEPHONE: ▇▇▇-▇▇▇-▇▇▇▇ FACSIMILE: ▇▇▇-▇▇▇-▇▇▇▇ FROM: Derivatives Documentation TELEPHONE: ▇▇▇-▇▇▇-▇▇▇▇ FACSIMILE: ▇▇▇-▇▇▇-▇▇▇▇ SUBJECT: Mortgage Derivatives Confirmation REFERENCE NUMBER(S): CXGP06AR11 The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into on the Trade Date specified below (the “Transaction”) between Bear ▇▇▇▇▇▇▇ Capital Markets Inc.

  • The acceptable codes are: DATE: March 31, 2006 TELEPHONE: ▇-▇▇▇-▇▇▇-▇▇▇▇ FACSIMILE: ▇-▇▇▇-▇▇▇-▇▇▇▇ FROM: Derivatives Documentation TELEPHONE: ▇▇▇-▇▇▇-▇▇▇▇ FACSIMILE: ▇▇▇-▇▇▇-▇▇▇▇ SUBJECT: Mortgage Derivatives Confirmation REFERENCE NUMBER(S): CXGP06AR2 The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into on the Trade Date specified below (the “Transaction”) between Bear ▇▇▇▇▇▇▇ Capital Markets Inc.

  • Client Manager - BSSP 2007-R3 TELEPHONE: 1-▇▇▇-▇▇▇-▇▇▇▇ FACSIMILE: 1-▇▇▇-▇▇▇-▇▇▇▇ FROM: Derivatives Documentation TELEPHONE: 2▇▇-▇▇▇-▇▇▇▇ FACSIMILE: 2▇▇-▇▇▇-▇▇▇▇ SUBJECT: Mortgage Derivatives Confirmation The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into on the Trade Date specified below (the “Transaction”) between Bear S▇▇▇▇▇▇ Capital Markets Inc.